maangoTREE

Meeting major resistance - retracement to 11200

BINANCE:BTCUSDT   Bitcoin / TetherUS
Welcome to my first post,

on the weekly we have a major bull flag. Monthly indicators show up. Long term bullish.

Backside to the current situation:
- major resistance as seen in the image
- medium sized retracement overdue
- down crawling value not bought up as aggressivly as needed to reverse the current short term retracement
- daily close under 11200 will lead to further downtrend

Nice evening all together

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.