Hello,
for BTC, 2 scenarios are possibles:
- BTC can keep go down until 12040. why?
1- Because it broked fiercelly (huge volume) a strong support level that resisted several times (around 30000)
2- on condition that within this next week BTC sellers keep their strenght and go down
- BTC can reverses up until almost 48000$, why?
1- a nice candle with nice wick and nice volume had formed this last week telling us that the down trend had finished (it was only prompt buyers squeeze) played by the big
investors.
2- on condition that confirmation should accure: nice green candle with nice volume, maybe this break down was only a fake break out.
What should we do?
- whait until the end of this crucial next week, because it's really a decisive week (16 to 20 May 2022)
Remember that i don't have a cristal ball predicting markets' move but i try to be more rational and more efficient on my trading.
Good luck dear traders and investors
for BTC, 2 scenarios are possibles:
- BTC can keep go down until 12040. why?
1- Because it broked fiercelly (huge volume) a strong support level that resisted several times (around 30000)
2- on condition that within this next week BTC sellers keep their strenght and go down
- BTC can reverses up until almost 48000$, why?
1- a nice candle with nice wick and nice volume had formed this last week telling us that the down trend had finished (it was only prompt buyers squeeze) played by the big
investors.
2- on condition that confirmation should accure: nice green candle with nice volume, maybe this break down was only a fake break out.
What should we do?
- whait until the end of this crucial next week, because it's really a decisive week (16 to 20 May 2022)
Remember that i don't have a cristal ball predicting markets' move but i try to be more rational and more efficient on my trading.
Good luck dear traders and investors
