Bitcoin / TetherShort
BITCOIN - Price can continue to move down to support level
Hi guys, this is my overview for BTCSDUT, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where it declined to support line, breaking $63900 level.
BTC rose to resistance line and bounced down, breaking $57200 level, but then price started to grow in another channel.
In rising channel, BTC broke $57200 level and later rose to resistance line, which coincided with $63900 level.
Price made a little gap, and even later rose higher than $63900 level, but soon turned around and started to decline.
In a short time, BTC exited from rising channel, broke $63900 level, and continued to move down close resistance line.
I think that price can make small movement up and then continue to decline, between resistance line, to $57200 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to falling channel, where it declined to support line, breaking $63900 level.
BTC rose to resistance line and bounced down, breaking $57200 level, but then price started to grow in another channel.
In rising channel, BTC broke $57200 level and later rose to resistance line, which coincided with $63900 level.
Price made a little gap, and even later rose higher than $63900 level, but soon turned around and started to decline.
In a short time, BTC exited from rising channel, broke $63900 level, and continued to move down close resistance line.
I think that price can make small movement up and then continue to decline, between resistance line, to $57200 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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