As we can see, the market is in a downtrend. Price has been moving within the upper and the lower trendline. Price is currently at the resistance level.
Therefore, I expect a trendline upward breakout to $60,000. But if does not break the resistance line, I expect a pullback to $48,000.
The yellow lines are the major support and resistance level price may encounter when moving within it.
What do you think?
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Therefore, I expect a trendline upward breakout to $60,000. But if does not break the resistance line, I expect a pullback to $48,000.
The yellow lines are the major support and resistance level price may encounter when moving within it.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
Trade active
Bitcoin moved as expected. Price broke out of the upper trendline. The market is currently in a pull back. Thereafter, we go long again. Tap the play button on the chart so see it too..Trade closed: target reached
Target reached!! Profit smashed!!🤑🤑
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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.