BTCUSDT 12 Hour Nice daily close above $39600. Posted a long at $37700 and still holding. PERFECTLY ON TRACK AS PER OUR PREVIOUS UPDATES. BTC needs to take over the 40.8k- 42K level asap which will eventually trigger the rally. So far looks like a breakout on this 12-hour chart. A perfect retest and continuation is what I am looking at now.
Invalidation:- Close below the red trendline will invalidate the chart.
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Trade active
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#BTC 12 Hour:- This isn't looking good IMO, unless it gets back into the channel. Lower support levels:- 35k, 33K, and 31.5k. Staying aside is better for now.
I have a more or less similar thought on this. I think BTC bouncing point will be between 30k-25k according to this analyses. Let me know what your thoughts are on this.
darushsohrabi1363m
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yes
GodVault
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Being telling since 2 weeks that It will fall. The higher time frames are in charge. It must go down to retest the value and fire up.
abhioec094
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@GodVault, thats what i told him...but he is busy analysing only in daily time frames...neglecting the monthly chart...longs got trapped as i told