Bitcoin can exit from triangle and continue to fall next
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price started to grow inside the upward channel, where it at once rebounded from the resistance line of the channel and fell to the support line. Then BTC broke the support level and rose in a short time to the resistance line of the channel and then it started to decline. Bitcoin fell to the support level, which coincided with the buyer zone, thereby exiting from the channel and after it some time traded between 94250 level, it fell to 90850 points. Next, the price impulsed and continued to grow inside the upward triangle, breaking the support level again. Later it reached the even resistance level, which coincided with the seller zone. Soon, BTC broke the 104700 level, rose to the resistance line, and then fell back and continued to trades between the 104700 level. Later BTC broke this level and fell below, after which turned around and quickly rose to the resistance line of the triangle and then dropped to the support line, where at the moment continues to trades close. So, in my mind, I think that Bitcoin can move up and then exit from the triangle and continue to decline to the 94250 support level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
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Okay! BTC exited from a triangle and dropped to support level, even a little lower, but soon backed up. For this case, I think that BTC will rise a little more and then continue to decline to 90K points.
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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.