BTCUSD 08 MAY 2022 (daily/P.1)
I am not seeing the demand, yet. If you are not this.. good. Better prices (lower) are likely.
Its easy to see. Look to the left. Do you see the “W” pattern of accumulation? (Arrows on the left). Does the current price situation look ANYTHING like that? No.
The daily candle is pointing down. At the very least, you want to see a green candle on the daily coming off of a support area . That is not what is going n here. If you can and are willing to sort, opportunities are there. But you have to very very aware of how close that candle is t support or demand zones. You NEVER want to sel into a demand zone and you never want to buy into a supply zone ,
Is Bitcoin dead? lol.. No way. But.. you want to be patient. I would nt be surprised to see it drop to 20K or lower. I personally hope it does. If you bought at the top. you are hoping it can come up just enough so that you can recover at least some of your losses. I cannot give financial advice. This is 100% my opinion based on volume and the pattern… and I see lower prices are imminent. If your see higher prices imminent, that is your opinion and you should trade and use your money how you want to.
I took a break for a few months but missed TA. So I am going to look at some stuff.
Always do your very best to trade n your terms and let price cme to you. Dont get sucked into anything. There is no reasn to rush into a long. These things take time. You see those intense price surges to the left but always keep in mind how long that took… weeks, months. This is a marathon , not a sprint . You might be able to trade off of thr 15 minute but understand that its an intraday set up when you trade on that time frame. You have to recognize when its time to get out in profit.
Will follow up with a 15 to see what we got!

