BITCOIN: CANDLES SPEAK: 09.04.2021

I was right yesterday when I mentioned about insufficient bullish forces. Today BTC made a Spinning Top candle/doji, shifting the odds to the bearish side.

The plan for tomorrow (the last day of week for BTC) remains unchanged:

  1. If BTC closes tomorrow with a strong green candle above 59500, I would be expecting a new All Time High in the nearest future.
  2. If BTC makes a red candle, there would be a good perspective for the continued decline.

My targets stand: 48000-38000.

I hope the weekly closure will make a decision.

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