BITCOIN - Price can bounce down from resistance line to $69100
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it fell to support area, which coincided with $61400 level, but at once bounced up.
After this, price rose to resistance line of channel and even higher, thereby exiting from channel.
Then BTC entered to wedge, in which price declined to support line, but soon turned around and made upward impulse.
Thereby price made fake breakout of $61400 level and later reached $69100 level, which coincided with support area.
Soon, BTC broke this level but then made correction, after which it in a short time backed up and now trades near resistance line.
In my mind, Bitcoin can reach this line and then bounce down to $69100 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to rising channel, where it fell to support area, which coincided with $61400 level, but at once bounced up.
After this, price rose to resistance line of channel and even higher, thereby exiting from channel.
Then BTC entered to wedge, in which price declined to support line, but soon turned around and made upward impulse.
Thereby price made fake breakout of $61400 level and later reached $69100 level, which coincided with support area.
Soon, BTC broke this level but then made correction, after which it in a short time backed up and now trades near resistance line.
In my mind, Bitcoin can reach this line and then bounce down to $69100 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️