Yosu_Fund

BTC/JPY - weekly Analytics + Altcoins 19.04.2021

BITFLYER:BTCJPY   Bitcoin / Japanese Yen
After the deep decrease from 18.04.2021 the price started its systematic recovery. In order to have further stable ascending the impulse return to the 6690000 area and drawing of correction to it is necessary. Formation of corrections (triangle, zig-zag, side pro-trade, etc.) at the current levels will shift the probability in the direction of quotations decrease. According to our expectations, the correction structure from 21.02.2021 to 18.04.2021 takes the form of a triangle with a classical breakdown in the form of a false-break from the lower diagonal line. We will be observing this pattern further.

Altcoins:
TRON(TRX) and EOS still stand out as the most promising coins for future growth.
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