exlux99

Bullish BTC 05 May 2022

Long
INDEX:BTCUSD   Bitcoin
We can estimate with a 90% confidence that the volatility for today is going to be below 3.82% based on the last 4267 Daily candles.
Having said that, lets take a look at the support and resistence points from this current position
BOT = 41000
TOP = 38000

From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently we are in a short relief moment, where we can have for some days/weeks a small bull trend

For today we have no big volatility news, so we cant expect big surprises.

From volume point, we can see that the point of concentration is around 39000-39500.

From technical analysis point, we can see that yesterday on 15min, we had a long entry alert around 38200
At the same time, on 30 min it happened the same around 38700

Lastly on 1h we had as well an entry around 39000.

So overall there is a very confidence that we are going to have a small bull moment period(days, weeks? )



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