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Babenski
May 22, 2022 11:51 PM

BTC in new range Long

Bitcoin / U.S. dollarBitstamp

Description

BTC / USD

BTC just made 8 red weekly candles in row for first time in history

In small time frames :
BTC is showing some stability after making double fakeout to take stoploss of both long and short traders


WHAT NEXT ?
A new week ahead and we are looking for bulls action here
After breakout of current trading range we will have high chance for a jump to 34k-38k

Invalidation: daily close below 28k

Don’t forget to like and share my idea for more analysis
Comments
TheSignalyst
I totally agree, we still need to break that range
D1mitrii
A lot of hopium but thanks for the work!
UnknownUnicorn15614419
Nice work
zhangs
Perfect!
Vibranium_Capital
Nice style!
KlejdiCuni
Nice analysis.
mehdiiikeb
Thanks
Do you think after 34 or 38 we will see lower numbers 22 20 18?
L_UP_247
not to say your wrong….but there is so much retail out of the game now that the volume is depleted to move things up.
Zeke704
@Lup247, He is wrong, 4 hr chart? Look at the monthly. We're going down long term.
Babenski
@Zeke704 @Lup247

This update for short term with the mentioned key levels

Look at Our view in long term here :

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