Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
BITCOIN - Price can start to grow to resistance line of channel
Bitcoin / Tether
Long
BITCOIN - Price can start to grow to resistance line of channel
By WalterMoon
Follow
Follow
Jun 24
4
Cheer
Cheer
Jun 24
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price broke $66600 level and entered to flat, where it soon reached top part, which coincided with $71500 level.
Then price made correction, after which in a short time, it rose back to $71500 level, turned around, and started to decline.
BTC exited from flat and continued to decline inside falling channel, where later it broke $66600 level.
After this movement, price some time traded in resistance area and then bounced down to support line of channel.
At the moment, BTC trades near this line and I think that price can fall to this line again and then bounce up to $64200
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin (Cryptocurrency)
BTC
BTCUSDT
FLAT
Parallel Channel
Support and Resistance
Trend Analysis
usdt
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
.