Dear crypto-entrepreneurs!
It is a pleasure to be able to present my Bitcoin forecast on May 04 of the current year. For the elaboration of it, I decided to establish support and resistance lines within the graphics, so that we could study its variations within the movements, and at the same time, the depth of each movement. We have also implemented the Bluesky tool to know the entry and exit points.
- Recognize the following analyzes as theoretical hypothesis and not as certified facts.
- Make investments with caution and caution.
- Be aware of the news that may affect the approach.
NOTE: Each user who decides to faithfully believe in the forecast will be doing so at their own risk, we recommend discretion.
TECHNICAL ANALYSIS:
The days are limited, Bitcoin grows strongly in the market and we are all protagonists, we are then in the expectation of what may or may not happen; but something is certain, a new movement will rule the coming weeks, whether it is bullish or bearish -in this case we will present both cases-.
HIGH TREND:
We appreciate a movement that is approaching and will try to mediate the current situation in terms of the Bitcoin price, leaving aside the belief of $ 5400 and changing its support line to $ 6000; five hundred dollars above the established.
The moments inspire a rise, there is the positive news that constantly argues the circulating actions of cryptocurrencies. We are witnessing movements that skimp the historical past of the months: October-November-December-January-February
The theory is bullish because it is what the market requires at this time (it does not mean that it can not change its ideology, it has done it before). However, we can know a concept different from the conventional one, patterns that show the near and next trend .
The Bitcoin will make a readjustment that will be measured in a recent candle, after that, it will continue its upward trajectory without delay, causing an improvement in the price up to a possibility of $ 8500 in estimated proportion.
FOR THIS TO OCCUR, IT IS ESSENTIAL THAT THE BITCOIN EXCEEDS THE PSYCHOLOGICAL BARRIERS OF THE MARKET AT 6300-6400$.
It should be added that I bet mostly on this probability...
LOW TREND:
The Bitcoin will enter a phase of stagnation, the hours will pass fiercely and its price will be reduced by the psychological sale of the $ 6100, prompting a direct fall more non-staggered.
Arguments in favor:
- The Bitcoin is a double-edged sword
- The news is fleeting
- Nobody knows the position of Whales and Money Makers
We will fall again in the Bitcoin value of 5200 $ -5500 $
Maybe we will see certain increases (refuge) in cryptocurrencies like Binance coin, Dolar true, Teher, among others...
REALISTIC POSTURE:
We will see a correction and price continuation for Bitcoin up to $ 6100 and then change its movement in fall to $ 5800 again, to continue falling to $ 5500 -5400 $.
This approach raises a stable solvency, an unlikely case, but equally studied. Some market divergence proposes that the price settlement will occur and then the value for collective sale will decline.
Arguments in favor:
- Psychological barriers
- Market convergence
- Recent fraud news
NOTE: Remember that BitMEX has 17.31% of Bitcoin worldwide, that is, it guarantees a huge sum of movements based on one. The percentage allows them to condition the cryptoactive at the price they require, and not to the one that the user market necessarily wants.
PRESENT:
2:30 am (Venezuela)
Measurement time in graphs: Days
Dear friends, so far we have arrived with our forecast, I hope it will help you in future transactions, and remember to support leaving a comment.
"Life is learning, everything we do, everything we live, must have a true purpose."
