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Bulls_action_trading
Apr 27, 2022 6:09 AM

Is bitcoin bullish? Long

Bitcoin / TetherUSBinance

Description

Bitcoin on the weekly chart.

We have 4 weeks in red numbers and we are in the fifth one now.
If price goes down, it's always better to look on the higher timeframe.

On the weekly timeframe you can see one strong support around 38k and strong resistance around 47k.
If bitcoin is closed in this range than is hard to predict some furutes move.

Some big crash to 20k and lower in not very likely. Between 29-37k is the strong volume area and it will be hard to crach this area for the first time.

Note: it is weekly chart and it need some time to reaction.
Comments
UnknownUnicorn18839967
Great idea , Can you post idea for WABIBTC?
Bulls_action_trading
@IssHaf, Hello, this project looks very bad. Probably the project is over and now we have better protocols to use, then this one. Of course it could make some pump 50-200% because it's small cap, but it's like a lotery. It is better to invest money to some other alt. I know that many small caps make many procent, but this cap is very old and without any news and changes. It's like dinosaur from 2017 bullrun.
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