5 Min Technical Analysis BTC/USDT 29 Aug 2021

Well well, It does look like BTC is holding its price and at the moment looking like its bouncing off these fibo extensions from 29647.91, 42632.89, 37718.68. Which I used in yesterday's analysis. As always I'm going to take a look at it from the upside first, 50700 is my first target while second 53750 shouldn't be a problem if it breaks the first resistance. At the moment BTC seems to be bouncing off 47777 and we should not rule out the possibility of it heading towards 45800 should it break 47750.

Wish you guys happy trading, always keep a positive mind, body and soul.

I wanted to share this on this 5Min TA because I could fully relate to it. Also for you to enjoy while reading this not so boring TA.

The Fear and greed index is slightly below 75 and from this we can tell that there wouldn't be much volume going in at the time of writing. Please be careful try not to go in with leverage, this isn't the time, and if you'd like to go in with leverage, at least wait till it hits 45k.

It does look like BTC dominance is still sitting around 43, and even so many alts have been flying. If you guys haven't put on your space suits and fasten your seat belts. You Should.

Source
Well, according to today's search, you can see that Neo, Tron and Cardano is on the first pages of this list. Go look into the charts and it should already be flying and would probably go much higher.

I would like to thank you guys for your continuous support. If you have any suggestions or if you'd like me to do analysis for another chart, please let me know in the comments below.