ONE/BTC Buy & Hold Idea for May 12th, 2020
Updated
The halving hype has died down, Bitcoin dominance will slowly but surely decline, and on technicals I see the following:
> Broke out of a year-long downtrend
> Broke out of a month-long downtrend
> retested those lines okay
> Seems to be finding decent support around this area
> Large volume on the previous daily candles
> Attempting to get over the MA50
> Over the EMA20
There is a supply shock coming end of the month but I’m not factoring that into the chart. Just playing it as I see it right now.
Not financial advice! Just learning how to chart.
> Broke out of a year-long downtrend
> Broke out of a month-long downtrend
> retested those lines okay
> Seems to be finding decent support around this area
> Large volume on the previous daily candles
> Attempting to get over the MA50
> Over the EMA20
There is a supply shock coming end of the month but I’m not factoring that into the chart. Just playing it as I see it right now.
Not financial advice! Just learning how to chart.
Note
Going nicely. Note
Note
Still trying to get past 37 as resistance. Note
Still trying. Trade closed manually
Took profit on this trade early. Coming up against resistance and BTC is looking shaky. 33% against BTC and 40% against USDT. Not bad. Note
This kept running well. Impressive. 
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