THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook May 19
BTC/USD
The BTC/USD brace rallied on Thursday, testing the highs yet again. I anticipate at this point in time we will abide to see buyers jump into this bazaar and booty advantage of amount as it presents itself at lower levels. The bazaar continues to see affluence of abutment abreast the $1700 level, so I anticipate that as continued as we can break aloft there, the buyers will abide to advance forward.
BTC/JPY
Bitcoin additionally rallied adjoin the Japanese yen, as a continues to see affairs burden over the best term. It looks as if a move aloft the contempo highs is about but assured at this point, so pullbacks should be affairs opportunities below, and I accept that the ¥200,000 akin will now action a bit of a attic in this market, and accordingly I accept no absorption in shorting this at all.
Thanks for watching and see you afresh on Monday.
