It's been a while since I did a price analysis, and I won't be doing one today, simply because people don't value them. They usually get 50-70 views, as opposed to my regular posts that get 700 views upwards, and very regularly cross over 1000.

I am writing this post as a kind of guide, seeing as BTC's price movement of late has been devastating to say the least, especially to the new guys. I recently had a friend who quit bitcoin after joining a day before the $1000 drawdown candle. He gave me his Bitcoins, so it was a win for one of us.🙃

In this post, I go over the HTF analysis of levels, what they mean, and how they affect the bigger picture. Hopefully you gain some insight from this post, and if you don't, I have failed as a tutor, and will drown my Trezor in my toilet after drinking all my white wine. 

With that said, let's get started.

Important levels we must draw on our charts:
Upper range: 10450 on the daily
Lower range: 6500 on the daily(proven support)
The great resistance: Downtrend line from ATH on the weekly

Monthly horizontal resistances:
10800: Pivot high of June-July 2019
11500 - 12200: Monthly supply bloc(a zone)
13900: Closing high of 2017

Monthly horizontal supports:
8600: Closing high of May 2019
7200: Pivot low of may 2018
5600: Low of November 2018

Weekly horizontal resistances:
10400: pivot high of September 2019, and February 2020
11550: Closing high from July-August 2019

Horizontal supports:
8700: Closing high of May 2019
7600: Pivot low of May 2018
7000
5300

Daily horizontal resistances:
10100: Resistance of our current breakout move
10800: Upper limit of the upcoming daily liquidity pool
11500-12300: Resistance cluster formed since June top of 2019(a range)

Horizontal supports:
9200: Support from June to October 2019
8600
8100
7400

You could place these on a chart to see how they currently affect Bitcoins price movements. Recall that the more times a support or resistance is tested, the stronger it gets.

Share this post with your trader friends(or regular friends that trade Bitcoin, THEY ARE NOT THE SAME), and please leave a thumbs up so I know you passed. Thanks for reading!