Thread by @FeraSY1

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🧵👇🏻

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

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✍️🏻

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🤝

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

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

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

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$btc #bitcoin #ETH #Cryptocurency

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