BTC rejected hard from weekly resistance area 58k-60k and finally looks like it found some support atound 1st weekly demand in confluence with 21W MA (this MA had a great dynamic Support in last bull run)
WHAT NEXT ? BTC is moving in decending channel so we still overall bearish ..
I think we gonna move up first to test resistance area 53k-54k and there it will be a DECISION POINT either break multiple resistances area in my chart to become extremely Bullish to new ATH or continue move in downtrend channel to reach 2nd weekly demand area (early 40k and below)
I will update if BTC reached my point in 53k-54k after seeing price action there
Don't forget to like my idea for more good calls and analysis 🙏
Comment
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I see weakness on price action here
Please be sure follow risk management because if current Support couldn't hold it can test 2nd Support directly
Babenski is a top analyst and always helpful in trading I am in group, top guy that always helps.. also a sniper with signals.. I joined for a month then extended to one year... this says all
Babenski
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@arielfreger, thanks for this feedback 🙏
Sureshchaudhary
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Really great TA..and it will follow the route..
Babenski sir do u have any signal group.. if yes plz share link.. or telegram channel ID..
Regards
Babenski
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@Sureshchaudhary hi yes ...you can see link in my bio and status
Afanesyevoo
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Do you still think it will reach 53 54k
InkyGrip
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Really like your charts.🦐
Babenski
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@plancton0618 thanks plancton
Helical_Trades
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Very detailed chart with great explanation !
Thanks for sharing your exclusive analysis..