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

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