Analysis $BTC on May 15 :
The article is based on personal opinion. Please refer and create your own strategy.
- D1 Frame: After attempting to push up, the green candle tested near the 1050 area, yesterday BTC showed signs of weakness when closing with a red candle dropping from 104-102x and closing at 103x.
And the downward movement has officially occurred as I anticipated.
Support: 1015 - 985
Resistance: 104-105
- D4 Frame: By the end of today, a D4 candle will be opened according to taptrader, so it is very important. The D4 chart still shows a strong uptrend but is starting to form a reversal candle pattern similar to the previous D2-D3 frames.
- W Frame: I still maintain the weekly candle viewpoint as a red candle with long wicks.
= > Analysis:
- BTC continues to decline. The bottom is quite deep due to this correction wave being a major wave.
After 2 unsuccessful days, I have fully analyzed yesterday to catch this corrective wave's peak. Eating the long price path, how much can you hold on? How strong is your mentality? Holding profits at 50% like holding losses, no one loses.
- Detailed price ranges will be updated later.
Wishing you all good luck!