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Babenski
Jun 28, 2021 5:38 AM

BTC daily and weekly analysis  

BINANCE:BTCUSDT1D
Bitcoin / TetherUSBinance

Description

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BTC / USDT

📌 WEEKLY VIEW :

Bulls succeed to save 50 W EMA for 6 weeks in row which is bullish sign

On weekly view.. we bullish and didnt enter bear market yet (for BTC)


📌 DAILY VIEW :
Price is testing strong trendline resistance and 20D ema ..This trendline rejected the price 6 times before

The Current resistance : 35k5 - 36k5 if we closed daily above this area we going to test upper range between 39k - 42k

If bulls failed to clear current resistance we going to test lower range again around 30k



In daily view still neutral... wyckoff accumulation scenario still in play but i cant be bullish at resistance so we wait to daily close above first

Hope you all have good times .. don't forget likes and share your opinions and questions below in comment section
Trend AnalysisChart PatternsFundamental AnalysisBTCUSDBTCBTCUSDT
Comments
sxott72
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That area you have labeled "strong support" is a bottom line of a bearish descending triangle. Its going south. Target puts it around the 21K 22K mark.
Babenski
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@sxott72, its strong support ....price bounce from it 5 times recently

In my idea i mentioned important levels for watching price actions
caldooninvestment
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Amazing chart! 🔥
Babenski
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@caldooninvestment thanks
TheTradersAvenue
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Wonderful explanation, thanks for sharing.
Babenski
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@TradingAxis welcome 🙏
YMGroup
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exceptional work you are doing
Babenski
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@YMGroup thanks
AtlasTrades
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Very Possible Scenario 🔥
Babenski
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@AtlasTrades 🙏
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