CRYPTO NEWS : Market recap 13 05 2018

Market recap

BTC is ranging today between 8400 and 8600. After correction from 9400 to 8200, this was expected and shared by our team. This retracement will show us power of bulls. In our opinion, the highest point this correction can reach is 9100. We do not expect to see BTC above this level according to current situation. If we get new signs that will indicate higher retracement

We are currently out of position and waiting for market to show us clear sign of next move. Days after big moves are always unpredicatble so it is good to avoid trading especially margin trading.

Some of ALTs are coming back so that's ususal thing to expect when BTC is not making big moves

To conculde, we are currently in market that is trying to show some signs. NYC Consensus is a big event and trading now could be risky because some news from this even can happen anytime that can change direction of market drastically!
Mid term target for BTC is stil 7k

Short-term target for BTC is hard to determine but we are currently in pullback that could go to 9k but there is no signs that will predict exact target!