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Critical milestones for $BTC…possible shorting opportunities ☠️

Yanik@bbs profile image
Yanik
Jul 20, 2022
Depending on the strength of the price action my TA identifies possible resistance at that downward sloping trend line potentially if in the next 4-5 days, within the highlighted yellow segment of the trend line.I'll also be paying attention to the daily transition price of $26,567Depending on the strength of the price action my TA identifies possible resistance at that downward sloping trend line potentially if in the next 4-5 days, within the highlighted yellow segment of the trend line.I'll also be paying attention to the daily transition price of $26,567
If we do violate the limits of that first barrier, we could then face some sell pressure within the above liquidity zone (exact price range delineated in the above blue-hued price boxes).If we do violate the limits of that first barrier, we could then face some sell pressure within the above liquidity zone (exact price range delineated in the above blue-hued price boxes).
Macro view, so that you may learn/replicate the relevant points that guide my inferences.Macro view, so that you may learn/replicate the relevant points that guide my inferences.


As you may have seen from the screen shots this post was planned whilst $BTC was above $24,000.
At the time of writing the price is bouncing between $23,500 & $23,600.

P.S. The chart is ByBit's BTC/USDT perpetual and on the daily timeframe (logarithmic).

Just sharing what I'm seeing.

Banter On, Banter Strong!
✌️

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