Hey B, can I ask if BTC can drop to around 105x Long?
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CRain1989
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Analysis $BTC on May 24:
- D1 Frame: BTC yesterday had a correction exactly as I predicted for everyone. However, the price dropped 5k too quickly from 1118-1068, so I also missed the opportunity to catch it. Just warning everyone in advance to set the stop loss carefully since the volume is small to avoid significant losses.
D1 Chart is showing signs of a peak, meaning BTC may drop again another wave.
Support: 1068 - 1055
Resistance: 1095 - 110
- D4 Chart: The D4 candle will close today. The D4 Chart is still in a strong upward wave in the range of 107-108. I still predict that the upcoming D4 candle will continue to be green. It might break or test the peak around 112k. Therefore, I predict this correction will only last another 1-2 days.
- W1-W2 Chart: This week I still predict a green candle close. However, if the price does not stay within a safe range for the W2 chart, the likelihood of a reversal next week is very high.
=> Prediction:
- BTC will continue to adjust another wave and recover quite quickly
- Next week will determine a clear trend largely depending on the closing price of this week’s candle, so everyone should consider the last 2 days of the weekend with small volume or wait outside for signals.
Wish everyone good luck!
- D1 Frame: BTC yesterday had a correction exactly as I predicted for everyone. However, the price dropped 5k too quickly from 1118-1068, so I also missed the opportunity to catch it. Just warning everyone in advance to set the stop loss carefully since the volume is small to avoid significant losses.
D1 Chart is showing signs of a peak, meaning BTC may drop again another wave.
Support: 1068 - 1055
Resistance: 1095 - 110
- D4 Chart: The D4 candle will close today. The D4 Chart is still in a strong upward wave in the range of 107-108. I still predict that the upcoming D4 candle will continue to be green. It might break or test the peak around 112k. Therefore, I predict this correction will only last another 1-2 days.
- W1-W2 Chart: This week I still predict a green candle close. However, if the price does not stay within a safe range for the W2 chart, the likelihood of a reversal next week is very high.
=> Prediction:
- BTC will continue to adjust another wave and recover quite quickly
- Next week will determine a clear trend largely depending on the closing price of this week’s candle, so everyone should consider the last 2 days of the weekend with small volume or wait outside for signals.
Wish everyone good luck!