THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 10
BTC/USD
Bitcoin initially fell on Monday but angry about to appearance signs of absolute backbone as the $1600 akin has offered support. We are abutting the $1750 handle, and are overbought and emblematic by any amplitude of the measure. Because of this, pullbacks will action affairs opportunities but affairs up at these aerial levels is all but impossible.
BTC/JPY
The BTC/JPY brace did the aforementioned thing, breaking aloft the ¥200,000 level. We did cull aback a little bit as we access the ¥209,500 level, and are actual abundant emblematic actuality as well. Waiting for pullbacks is apparently the smartest affair to do one trading this market. Yes, the Japanese yen awash off afresh several added currencies about the world, which of advance put added bullish burden in this market, but acutely we are overbought.
Thanks for watching and see you afresh tomorrow.
