new telegram information from the admin
Post
CRain1989
·
--
Analysis $BTC on May 5:
• So BTC continues to drop as per my analysis yesterday. The only difference is that the drop is deeper than I anticipated. When I called for the team to open more shorts and close everything in the 942-943 range, BTC this morning returned to around 935.
- Daily Frame (D1): The daily frame is still in an uptrend, and the bounce back from 935 to 947 is BTC's effort not to fall into a downtrend.
Support: 930-918
Resistance: 952
- 4-Hour Frame (D4): Today marks the start of a new D4 candle. The D4 chart is still in a strong uptrend. Looking at the D4 chart, there are 2 scenarios that could occur right in this D4 candle (today and the next 3 days): 1 is BTC regaining the 98x range. 2 BTC continues to gradually drop to the 91x range. In summary, after this D4 candle, the trend of BTC will be very clear and will leave many people missing the boat. Just don’t know which boat.
- Weekly Frame (W): The weekly candle continues to be a green T4 candle; however, it is still in a downtrend and has not broken out yet. Therefore, I think this week’s candle will have a fairly deep bottom and a green wick at the end of the week to create strong upward momentum for the next week’s candle.
=> Analysis:
- BTC will continue to decrease in the first 1-2 days of the week to create a bottom and end this short-term downtrend.
- By the end of the week, there is a high possibility that the weekly candle will have a green wick.
- Specific price ranges will be updated in more detail later.
Wishing everyone good luck in the new week!
• So BTC continues to drop as per my analysis yesterday. The only difference is that the drop is deeper than I anticipated. When I called for the team to open more shorts and close everything in the 942-943 range, BTC this morning returned to around 935.
- Daily Frame (D1): The daily frame is still in an uptrend, and the bounce back from 935 to 947 is BTC's effort not to fall into a downtrend.
Support: 930-918
Resistance: 952
- 4-Hour Frame (D4): Today marks the start of a new D4 candle. The D4 chart is still in a strong uptrend. Looking at the D4 chart, there are 2 scenarios that could occur right in this D4 candle (today and the next 3 days): 1 is BTC regaining the 98x range. 2 BTC continues to gradually drop to the 91x range. In summary, after this D4 candle, the trend of BTC will be very clear and will leave many people missing the boat. Just don’t know which boat.
- Weekly Frame (W): The weekly candle continues to be a green T4 candle; however, it is still in a downtrend and has not broken out yet. Therefore, I think this week’s candle will have a fairly deep bottom and a green wick at the end of the week to create strong upward momentum for the next week’s candle.
=> Analysis:
- BTC will continue to decrease in the first 1-2 days of the week to create a bottom and end this short-term downtrend.
- By the end of the week, there is a high possibility that the weekly candle will have a green wick.
- Specific price ranges will be updated in more detail later.
Wishing everyone good luck in the new week!
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.