BTC - 5D still holding support

21 May 2022

One of the most interesting charts I am looking at right now is the 5D chart. This $28,950 is extremely important. It was our final resistance in Dec 2020 (red arrow) before flipping it into support in Jan 2021 (green arrow). Then it was our wick lows from May 2021-Jul 2021 and currently we are still holding the candles bodies on the 5D at this level. Not to mention our RSI is exactly at oversold (white circle). As long as we close candles above this level we will have another move to the upside, but as soon as we close below it could be turmoil.