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…

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.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

After six straight months of double digit returns for Bitcoin (BTC), some investors are wondering, is this the start of another 2017-style crypto market rally?

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. …

Aiden Gusten

Bitcoin Investor | Cryptocurrency Analyst | SaaS Business Developer | Compliance Associate — FIU Investigator | Associate Editor — CoinTelegraph, Miners Gate

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