The six important #bitcoin levels that really matters
Despite lower time frame noisy price action, there are actually six levels/areas where you need to keep an eye on, and where you can really make some decent profits trading $btc & #altcoins
let's explain them
Thread🧵👇🏻
Despite lower time frame noisy price action, there are actually six levels/areas where you need to keep an eye on, and where you can really make some decent profits trading $btc & #altcoins
let's explain them
Thread🧵👇🏻
1-
$btc 60k Mar2021 close
The real ATH as Nov.2021 was nothing more than an echo-pump amplified by spoofing orders
the failure to close above in Nov.2021 was the real confirmation of macro level resistance followed by a real-painful drop & Bear market
it was a macro exit sign
$btc 60k Mar2021 close
The real ATH as Nov.2021 was nothing more than an echo-pump amplified by spoofing orders
the failure to close above in Nov.2021 was the real confirmation of macro level resistance followed by a real-painful drop & Bear market
it was a macro exit sign
2-
$btc @ 35k
this is a key monthly level that formed in June 2021
it took months till we visit again in 2022, where the bounce of that level provided decent 38%+ bounce on #bitcoin, alongside with 2-3x on most of the #altcoins
this level is a macro resistance today✍️🏻
$btc @ 35k
this is a key monthly level that formed in June 2021
it took months till we visit again in 2022, where the bounce of that level provided decent 38%+ bounce on #bitcoin, alongside with 2-3x on most of the #altcoins
this level is a macro resistance today✍️🏻
3🚨
$btc @ 19-20k
the previous cycle ATH , with its weekly support, this area is a critical technical & phycological support, that we need to keep watching
currently it's a SUPPORT
the basic gameplay is to Long the support as long as it holds based on lower TFs confirmations🤝
$btc @ 19-20k
the previous cycle ATH , with its weekly support, this area is a critical technical & phycological support, that we need to keep watching
currently it's a SUPPORT
the basic gameplay is to Long the support as long as it holds based on lower TFs confirmations🤝
4&5
in case of current 20k failure,13.8 & 10.8k are the perfect confluence levels on both Monthly & Quarterly, which makes them a great long term potential entries for investors
yet, it is not clear if #btc would go there or not, but if ever I got a chance, I will BUY-BIG there
in case of current 20k failure,13.8 & 10.8k are the perfect confluence levels on both Monthly & Quarterly, which makes them a great long term potential entries for investors
yet, it is not clear if #btc would go there or not, but if ever I got a chance, I will BUY-BIG there
6- #Bitcoin 6.4k
the sixth and the famous 6k temp. ground for the previous cycle (sharply 6400$)
imo, this level is totally out of the formula, but as we learnt, never say never and always keep the levels crystal clear in your mind
the sixth and the famous 6k temp. ground for the previous cycle (sharply 6400$)
imo, this level is totally out of the formula, but as we learnt, never say never and always keep the levels crystal clear in your mind
Make sure you print & keep these #bitcoin monthly levels crystal clear in your mind
avoid the LTFs noise and make sure you play them properly with all the patience and balls it takes
$btc
avoid the LTFs noise and make sure you play them properly with all the patience and balls it takes
$btc
if you enjoyed this thread, don't forget to follow me @FeraSY1 & retweet it with your friends
$btc #bitcoin #ETH #Cryptocurency
$btc #bitcoin #ETH #Cryptocurency
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