@idiosyncratic1 23 May 2021 more from that month

I just want to give basic insight about the things that expect the market to have to be able to recover. The current downtrend is associated with the news from China, Elon's tweets, and taxation from the US. Meanwhile, we are supposed to primarily check the price action in Bitcoin as the market is still tied to the major actions from its side. Here you can see 4 times rejections from Moving Average 20 for the 4h chart. So far, nothing is promising and I do not prefer buying any coins as we get rejections from MA20 levels. If the price can stay above MA20 in 4h for 2 candles at least, then I may consider opening new positions. You can easily find Moving Averages on Tradingview. Friendly reminder ^^ #Cryptocurrency