Bitcoin Price Action Outlook 13 May 2021
Bitcoin price surged a little bit from 60k , now heading towards sweet buy spot and we are able to get good prices for long entries. More details covered on the chart.
Please make sure you know how to manage risk and position size.
On the chart main focus on Daily Moving Averages (DMA) with length 100 and 200. This DMAs making good support zone for trend movements and pretty solid for buying during the trends.
Current price fluctuated below DMA100 and above DMA200, which on my opinion is pretty good spot for buying.
BR,
Artem Shevelev
Please make sure you know how to manage risk and position size.
On the chart main focus on Daily Moving Averages (DMA) with length 100 and 200. This DMAs making good support zone for trend movements and pretty solid for buying during the trends.
Current price fluctuated below DMA100 and above DMA200, which on my opinion is pretty good spot for buying.
BR,
Artem Shevelev
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