Bitcoin / Tether
Long
Updated

BITCOIN - Price can continue to grow inside rising channel

1 898
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Some time ago, price entered a falling channel, where it reached resistance line and then continued to fall.

In a short time, price declined to $98000 level, after which rose a little and then dropped to support line of channel.

After this, price rose to resistance area and soon broke $98000 level and continued to decline next.

BTC fell to $83600 level and even lower, thereby exiting from falling channel and started to grow in another channel.

In rising channel, Bitcoin grew a little and then corrected, after which it continued to move up.

So, I expect that Bitcoin can correct a little and then rise to $98000 resistance level.

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Trade active
Great! BTC declined to almost support line of the channel. So, after this, I think it will turn around and start to grow.
Trade closed manually
BTC continued to fall, so I close this trade, because I think it will exit from the channel and continue to fall next.

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