I am receiving a lot of requests for new analysis after previous ones have been accurate. However, the market is more or less the same as a day or two ago. Do not be fooled by every green candle you see and always pay attention to the volume. There is a possibility for a breakout which will get us to 50k but i can't suggest anyone to buy now. For me now is a time to take profits at resistance. New entry points or buy opportunities will be
when a deeper re-test to 46.5k - 46k support is successful
when we breakout with strong volume or the re-test of the breakout.
Remember to always be patient and use a stop-loss.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.