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abhish_analysis
22 jun 2021 17:30

BTCUSD, V shape bullish recovery Lång

Bitcoin / United States DollarCoinbase

Beskrivning

Huge fresh bullish rally came on support level: 29150, historically three times 'V' shape recovery happened to this level,
and it sustained this time too. Now if somehow price back to support level, it is not going to break at sudden, huge volume accumulated compare to previous support level.
Overall trend is bearish, so respect of Resistance level is more possible, like setup could form. price can go sideways too.

(possibly not going to land again in this level.)

Sort setup possible at Resistance level.
! Strong close above 33400 should be bullish move.

Technical- Based on Support/Resistance:
- Strong Support: 29150
- Strong Resistance: 33400

! leave feedback or comment please.

Image-

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Respected Resistance: 33400,
Bearish Sign: Yes

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Trade stängt: Stopp nått

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Price moving sideways, accumulation phase.
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