BITCOIN: CANDLES SPEAK: 02.05.2021

BTC has entered the inflection area which I indicated in the latest weekly/monthly.

Forecast:

While in the 58k-61k area, the coin could swing into any direction as the monthly and weekly candles are not aligned.

If BTC breaks through 61k, it could move as far as 64-68k in the next several days with a potential of 72-75k in the next few weeks. This move would make me to adopt the blue count as main operative.

However, if the price is rejected at 58-61k, there is a high chance that the wave B of (IV) starts.

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Previous Monthly/Weekly Analysis:

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