Bitcoin / TetherUSShort
Bitcoin can leave range and rebound to 29000 level
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see that price after bouncing of the support line, which coincides with the support level and buyer zone, bounced up to the resistance line and at once started to decline, thereby forming a downward wedge pattern. Later BTC declined below the buyer zone to the support line again and then roll up and made a strong upward impulse to the support area, which coincide with the current support level, exiting from the wedge. Also, a few time later price started trading in a range, in which price continues to trade to this day. In my mind, Bitcoin can fall to the support level and try to break it. And if it can break the current support level, BTC then can make a retest and continue to move down, thereby exiting from the range too. For this case, I set up my target at the 29000 level. Please share this idea with your friends and click Boost 🚀
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.