Analysis $BTC on May 4:
Yesterday I called that BTC will continue to decrease.
- D1 Frame: BTC decreased slightly by 1k in price to 958 yesterday. This morning it temporarily decreased to 955. Today, at the weekend, the price is moving within a small range below 1k. However, all indicators are being pulled down, so I see BTC will continue to decrease today.
Support: 950 - 935
Resistance: 966 - 972
- D3 Frame: The D3 frame just opened today’s candle. The D3 chart looks quite nice, seeing this chart, even if one opens a Long position around the current price of 95, there is no fear of loss, as the D3 chart's trend is still strongly upward.
- W Frame: The W frame at price levels of 94 or 95 is also quite stable, with 4 consecutive green weeks and definitely more volatility expected next week.
=> Assessment:
- BTC continues to decrease slightly. I still eliminate the possibility that BTC will drop deep into the 88-90 range that most are waiting for.
- The 2 short positions I called yesterday are quite stable and will close shortly before re-entering Long.
Wishing everyone good luck!