BTCUSD price stuck in range between 36200 as range resistance and range support as 35250, in resistance level, price respected 4 times, and at support level it was also four. and look close at point 1 there bearish rally started and from point 2 bullish showed some strength but not as impressive as bearish rally. interestingly at both point price didn't cross that level.
On higher time frame, trend is bearish so i should have to look for short setup at near resistance, or strong resistance level in which price could respect.
Trend line an hr. time frame basis !Strong close above 36660 should be bullish move.
Technical- Based on Support/Resistance and trend line: - Range Support:35250 - Range Resistance: 36200 - Strong Resistance: 36660
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support broke, overshoot on trend line, and rested on next support level.
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Great story end with respecting both level Support and resistance, Price respected support and huge buying momentum, crossed 35250.
Сделка закрыта: достигнута тейк-профит цена
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Update 1.1: Respected support (2): 33770 (need correction in trend line)
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Update 1.2: Breakdown (0): Level- 33770 became resistance Next Support: 31940 did Respect resistance ? : No Bear rally sign: No
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Update 2.0: Respected 31940, need correction in trend line Respect Resistance : No Bullish rally sign: No
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Update 3.0: Respected 29400, need correction in trend line Respect resistance: Yes Bullish sign: Yes (Support)
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Update 3.3: Respected 33668, need correction in trend line Is respect 35250 ? Bearish sign: Yes (volume indication)