Technical analysis by arbtrader about Symbol BTC: Buy recommendation (5/19/2021)

Price has been on the steady decline over the past few weeks totalling a 40% drop in BTC price since the highs. We have entered a long position at 40k with a mid-long term hold Looking to scale out position at 80k then 100k and with a longer term goal of around 250K+ we like to keep trading simple so we have been waiting for price to come down to the 200MA and we believe this has presented a fantastic buy entry at 40k. Happy trading The Arbtrader