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With the return of semi-regular intraday Bitcoin technical analysis videos to my channel, I thought it would be helpful to present a higher time frame overview of this instrument.

I cover the current floors/ceilings for price, support/resistance levels that may not be obvious, attractive downside objectives, and how to react when/if price reaches the $6000 yearly support-turned resistance level.

I also argue that for those looking to get exposure to this instrument or asset class, buying above the old floor i.e. above $6200-$6300 is a better bet than trying to be a legendary trader and timing the bottom.

Thanks for all the excellent feedback and support on the last analysis video. I’d appreciate a similar turnout for this one.

-Cred


Twitter: https://twitter.com/CryptoCred
Telegram: https://t.me/cryptocredta

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50 COMMENTS

  1. Thank you Cred! Always enjoy your content (first test best test applies for some points in this video? ) . Can't wait for the next webinars to learn more . 1000 likes .

  2. Dude these are all great, really, great analysis and thank you. but you should analyse lower levels as well. We are in a bear trend. If you are talking about 11k which is 3x-4x from where we currently are. You should at least introduce the possibility of 2k or 1k…

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  4. Thanks Cred! I understand the fact that all those shorts might be fuel for a breakthrough 6k, however if we do apply that logic right now, shouldn't we have a long squeeze?

  5. Yes just look at the big uptrend to 20k then the ongoing downtrend. Try to buy when on uptrends and not near resistance. Plus logically there is no catalyst or interest by the masses… it's in cannabis, etc. Apparently support/resistance should be validated with higher volume not just peaks or troughs ( and more than one at same level)

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