2022-08-30 02:35:40
The week closed at 19.520 #BTC #week #toptraders
Squeezed between the trending RSI.
The main liquidity is in the range of 17.600-18.900
Returned to the support area
Gave a reaction to the trend support on the RSI
We are above the support zone formed by the ATH 2017.
Growing volumes
Bearish trend
Fixed below MA200
Couldn't hold the 24.000 level
RSI in the bearish zone
Bearish momentum (the intensity of growth is very sluggish, the fall is impulsive)
Huge trend liquidity acts as a magnet from below.
Conclusions:
The drop from 40,000 occurred without corrections to the resistance zone, and as long as we are above the significant support zone (ATH 2017), the LONG priority remains.
We have come close to the zone of increased liquidity.
⁃ Fixed over 24.000
⁃ 26.000
⁃ Global resistance zone test 29.000-32.000
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