BITCOIN - Price can leave pennant and fall to $54500 level
Updated
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where at once fell to resistance level and soon broke it.
After this, price declined to support line and then exited from falling channel and fell lower even $54500 level.
Then BTC entered to pennant, where it turned around from support line, and made upward impulse broke $54500 level again.
Next, price made retest from this level and in a short time rose to resistance line of pennant and then started to decline.
In a short time, Bitcoin fell to support line of pennant, where at the moment continues to trades near.
I think that price can make movement up to resistance line and then bounce down to $54500 level, exiting from pennant.
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 at once fell to resistance level and soon broke it.
After this, price declined to support line and then exited from falling channel and fell lower even $54500 level.
Then BTC entered to pennant, where it turned around from support line, and made upward impulse broke $54500 level again.
Next, price made retest from this level and in a short time rose to resistance line of pennant and then started to decline.
In a short time, Bitcoin fell to support line of pennant, where at the moment continues to trades near.
I think that price can make movement up to resistance line and then bounce down to $54500 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Ok. BTC reached the resistance line of the pennant and even recently exited from this pattern. But it continues to trades very close to the resistance line of this pattern, so, after the movement up, I think now that Bitcoin can make a correction movement to the $54500 support level:
Trade active
I still waiting, when Bitcoin to make a correction movement to the $54500 support level.Trade active
Now I think that BTC can make a small movement up and then bounce down, even a little lower support level, breaking it, to $52000:
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