ShrewdCatfx

Surrender Bears! Accumulation above 26,747 ? 📽️

Long
ShrewdCatfx Updated   
COINBASE:BTCUSD   Bitcoin
Timeframes are closing above Weekly Zone 26,770. Unless during the next 22 hours we see a 1.22% dump below our weekly level , I'm Looking up from here.
Price has returned into our range from the second half of May between Daily Zone 27,400$ and 26,747$ Weekly Zone. Price printed a solid Bull candle rejecting our Weekly level which was anticipated. Price consolidated and dropped slightly during yesterday's daily candle. We haven't started dumping and price has been consolidating along the Highs of our Daily range from the Second half of Month May. The Highs during the Second half of May being 27,400$. As the New week begins I am looking for an Increase in Bitcoin as the debt ceiling controversy ends and the Summer begins. 29,246 Weekly Level is our target for the 1st half of June. Safe Trading.
Comment:
Buyers want a close above 27,255 Daily Resistance zone that was created yesterday.
Price is moving as anticipated. As we move into the new weekly candle we've been anticipating upside on BTC as we continue to reject our Weekly Support Zone at 26,747$
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.