BTCUSD Sunday 13th May 2018:
📉 The death cross has drawn as was predicted by us since the start of last week.
🔔 Stochastics is hovering in oversold as weekend selling continues into a strong accumulative bid, ahead of the Consensus summit in NY next week.
🥂 The past 3 years have seen around 10% rally during the event, with approximately 100% price rally in the 2 weeks after the event. Fundstrat analyst Tom Lee has called for a 70% upside swing in Crypto markets.
With price action gravitating towards the 0.618% fib level of $8500, quiet predictably this range is acting again as a strong demand.
🧐⏱ With mining set to become more expensive, and the pressures of halvening block rewards over the next 2 years, fundamentals have never looked more bullish for crypto.
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Disclaimer:
Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.
