Well.. looking a the other 2 purple circle, there's a reversal in play every time BTC have a massive green candle near the purple trend line that holds previous low.
If BTC price can close with a green candle on the 5D chart, it would highly probable for BTC to move to the upside rather than the downside.
If not, the price level on 50-52k ish would be the support for BTC to hold if we want to see a new high this year.
This price level also in accordance with the bull market support band that have been proven to be very important for every bull cycle.
If BTC can bounce from the bull market support line, an upside is confirm..
if it close below, we may see a lower level to be tested first!!! this would also shift BTC sentiment more bearish than before!!!
#NFA
#DYOR
If BTC price can close with a green candle on the 5D chart, it would highly probable for BTC to move to the upside rather than the downside.
If not, the price level on 50-52k ish would be the support for BTC to hold if we want to see a new high this year.
This price level also in accordance with the bull market support band that have been proven to be very important for every bull cycle.
If BTC can bounce from the bull market support line, an upside is confirm..
if it close below, we may see a lower level to be tested first!!! this would also shift BTC sentiment more bearish than before!!!
#NFA
#DYOR