BITCOIN - Price can start to decline and exit from wedge
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it reached resistance line and then bounced down to support line.
Price broke $63000 support level, which coincided with support area, but soon BTC made upward impulse.
Thereby price broke support level again and later exited from falling channel too, after which started to trades in wedge.
In wedge, price broke resistance level two times, which coincided with resistance area, and fell to support line.
Then price rose to resistance area, and at once turned around and started to decline to support line of wedge.
Possibly, BTC can reach $69000 level and then bounce down to $64750, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to falling channel, where it reached resistance line and then bounced down to support line.
Price broke $63000 support level, which coincided with support area, but soon BTC made upward impulse.
Thereby price broke support level again and later exited from falling channel too, after which started to trades in wedge.
In wedge, price broke resistance level two times, which coincided with resistance area, and fell to support line.
Then price rose to resistance area, and at once turned around and started to decline to support line of wedge.
Possibly, BTC can reach $69000 level and then bounce down to $64750, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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