State of Mind - May 17th

New day on the crypto market!

What's the feeling?

Well, from a market capitalization point of view, it's pretty positive! Indeed, it has increased since the end of yesterday's session and currently stands at 383 billion dollars.

The Bitcoin evolves laterally since the break of the ascending wedge and is currently under resistance at 8318$. For the moment the BTC does not manage to cross the resistance and is in configuration of ascending wedge in the short term. Indeed, this figure materializes in 1h time horizon and the technical indicators on this time horizon are no more reassuring.

The BTC could thus decrease and a return towards 7800$ is thus not impossible.

Now more than ever, be careful and don't forget your stop-loss!

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