As mentioned in comments of my previous idea, Btc daily chart has formed a rising wedge pattern which usually breaks down. At around 22400ish will be the support level to watch. If that holds on daily the original target of 28850 will be intact. If not, the support of 19150ish may be tested.
My previous comment read as "after 19170ish, 18200ish would be crucial. if that breaks we see 13700-10000."
ashisht2
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just for my followers, will post new weekly chart tomorrow IST.
ashisht2
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@ashisht2 sorry there wasn't any change so did not.
ashisht2
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you see the volume profile. lot of volume. looks like consolidation for me. but, my limit is my orange dotted line of 19170ish. and unless it breaks above 28850ish, i won't be bullish. understand one thing that macro economical factors are affecting it.
ashisht2
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hello! if this follows us markets, this should go to 22k. forget about any kind of analysis
ashisht2
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the month closed with highest ever sell volume on binance while others saw lowering volume month on month.
ashisht2
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lol what a joke!
ashisht2
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looking better now. that support of 19170ish area played well as strong support zone. this should bounce.
ashisht2
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lot of pressure at psychological level of 20k. i don't think bulls will win.
ashisht2
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like a thin thread that can fall anytime. do not be brave.