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Price Analysis: $19,416 From $40,000

📉 BTC closed the week at 19,416 level. BTC week toptraders

🧵 0/5

1/5 ✅Took off local liquidity to buy at 22,000 ✅Took off the liquidity to sell at 18,500 ▫️ Broke through the local RSI trendline and tested it from above ▫️Total MC (TOTAL) continues to hold MA200 ➕Got a reaction from the previous local low: 18,500

TradingView ChartTradingView Chart

2/5 ➕Broke the local downtrendline RSI from November 2021 and is testing it from above ➕The price is above the support zone formed by the ATH 2017. ➕The highest volumes ➕Potential Double Bottom (DD)

➖ Bear trend ➖ Continuing to accumulate under the MA200

3/5 ➖ Fear index is already at 25 [in June it was down to 6] ➖ RSI is in the bearish zone ➖ Still didn't reach the main SLs zone [17.600[

4/5

Conclusions: The fall from 40,000 happened without correction to the resistance zone, and while we are above the significant support zone [ATH 2017[ the LONG priority remains. It's possible to take off SLs from the level of 17,600

⚪️ Fix above 24,000

5/5 ⚪️ 25,000-27,000 is interest zone [liquidity withdrawal to buy from the upper range] ⚪️ Testing of the global resistance zone [29,000-32,000]

More local parsing will come with 3D analytics update:

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This post is based on this twitter thread.

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