Pedal to the metal
Tesla has put the pedal to the metal with production and delivery of its vehicles this quarter, and shares close the day up 4.43% after a Q1 vehicle sales surge. Shares jumped up 7% initially on April 2 after Tesla shared its strong Q1 vehicle delivery and production numbers, which reported that the company delivered 184,800 vehicles and produced 180,338 cars in the first quarter of 2021. The higher delivery numbers suggest that the company is successfully ramping up production, an issue which has dragged it down in the past, and is now working through the…
BTC WON’T RUN OUT OF STEAM
A wedge that indicated a bullish breakout is on the horizon!
MA50 is a formidable wall of support!
That doji candle in the previous uptrend is a support area!
RSI and MACD will possibly see a step-down to come back with vengeance!
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BITCOIN – Correction Started! What Next?
As per my last analysis (attached below), the correction started. NOW WHAT?
BTC is overall bullish trading inside our orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendline.
As per my trading style:
I will be waiting for BTC to approach the blue arrow (area) to look for possible buy setups (like a double bottom , trendline break , and so on…)
Knowing that BTC can still break the orange trendline downward.
In this case, I will be looking for buy setups as it approaches the green arrow around the 50k blue zone.
Always follow your trading plan regarding entry, risk management, and trade management.
All Strategies Are Good; If Managed Properly!
Certainly, Ether (ETH) and many other large-cap crypto assets rallied higher in March, some even outperforming BTC considerably. Yet, amid recent declines in monthly volatility, there are signs an even more significant move may be on the horizon.
Going further, I also put metrics behind the boom in NFT enthusiasm, which has captured the curiosity of millions worldwide — expanding awareness of the crypto asset class.
History Says — March has historically been a less volatile month for bitcoin than February. Contrary to that, average volatility in April has been 99% — making it the most volatile month…