BTC seems to be bullish towards the 40k region, market weekly, and daily volume, with closing price, will be a defining factor in deciding the market trend once we get to the 40k region.
The analysis is self-explanatory, patterns, support, and resistances were majorly used in the analysis.
As if may 17 2021, when the market touched this resistance and was also sitting on the same support of 46500, the market made a sharp reversal which turn out to be bearish, down to 28688...
In as much as the are of two different scenario , nd I dont see it happening this week, but this resistance have always shown signs of not breaking when ever the market come in...
Two ways this market MUST go within this week. if you have a strong mind, like me, you can adopt the first option now, trading on the intar-day movement, using a trailing stop and lock profits at 3 percent with a very close stop loss of 3% also at a leverage of 4x, ie your activation price should be 3x but call back rate 1percent. if in case the trailing stop...
Market keep making a bounce at my short-term support, it is possible it will break but before it breaks, I expect a little reversal that will accumulate 1500-3000 satoshi.
It is self-explanatory, as very few indicators were used apart from trend lines, info lines, identifying short and long-term supports, patterns etc
Follow the analysis in the drawing self explanatory. support and indicator lines where highlighted for eay understanding, same as indicators used in the analysis.this is solely an individual effort based on my understanding of the market and does not guareentee 100 percent returns on investment.
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