BTC FUNDAMENTAL AND TECHNICAL ANALYSIS - Page 2

@nsg_usd - 3 hours ago

Price may not necessarily form a double top at that daily level, but can reverse because it is in the supply level of the entire daily bearish move I marked using the red trend line

BTC- The double top has been formed. Expecting a Dip back to 62,000 or 60,000.
Without invalidation of the double top, hopes of continuing the buys the month is slim, will expect the buys next month.

@asuquokelvin

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@nsg_usd - 2 hours ago

Quoted - asuquokelvin

BTC right now is showing Reversal on the 4hr the yellow marker region is showing a mitigation, which signifies that the trend is weak and becoming bearish it's only a close above the recent highs that can prove otherwise

BTC- I'm not convinced the first reaction zone will hold for long. will expect it to drive the buys to 65,400 and then the sells will continue. Except it invalidates that 65400 price level again, then I'll expect the rally to continue.

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@godspowerdan - 2 hours ago

Quoted - asuquokelvin

Price is still trading below that protected high that I marked with the yellow box

You should be looking for sells then. As long as the highs are protected, the sells will keep coming in

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@godspowerdan - 2 hours ago

Quoted - asuquokelvin

If price invalidate the 66226.92 level that's above the current price then we should expect more buys to the overall highs

You should be more focused on taking sells from that your zone

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