BTC ANALYSIS 19/07/2021
BTC / USDT
📌 Daily Analysis :
Btc on daily Chart still forming lower lows and Lower highs...Bears at this moment still have the upper hand
But as you saw in previous 2 months BTC in this range and BULLS always react strong around 30k support I want to see price action around this point (30k-28k) ..will they hold again ?
📌 In Weekly Chart :
BTC was holding above 34k in last 8 weeks ..this week first time BTC closed below it and below 50w ema ..which is bearish sign
What can change view to bullish if BTC managed to close above 39k-42k weekly
Also history tells BTC can can do surprise movements in some time like that
📌 What we can do ?
react to market not preceding it
There always good point for rebuy but when ?
When we have good signs for that
Otherwise its just gambling
Best of wishes
📌 Daily Analysis :
Btc on daily Chart still forming lower lows and Lower highs...Bears at this moment still have the upper hand
But as you saw in previous 2 months BTC in this range and BULLS always react strong around 30k support I want to see price action around this point (30k-28k) ..will they hold again ?
📌 In Weekly Chart :
BTC was holding above 34k in last 8 weeks ..this week first time BTC closed below it and below 50w ema ..which is bearish sign
What can change view to bullish if BTC managed to close above 39k-42k weekly
Also history tells BTC can can do surprise movements in some time like that
📌 What we can do ?
react to market not preceding it
There always good point for rebuy but when ?
When we have good signs for that
Otherwise its just gambling
Best of wishes
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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