HelenP. Bitcoin can make correction and then continue to rise
530
Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, we can see that a few time ago price bounced from the resistance zone, which coincide with the resistance level to the support level. Also then, BTC declined below this level to the support area, but at once backed up and later rose to the resistance level. After this, the price bounced of the resistance level and made a strong impulse down to the trend line, which is located below the support zone. But at once, Bitcoin rebounded and later rose higher of the resistance zone. Next price made the correction and after this, grow higher of the resistance zone again, where it entered to triangle, in which BTC declined to the trend line. A not long time ago price bounced of this line and now trades near the support level. In my mind, Bitcoin can make correction to the support level again and then bounce and start to move up. Therefore I set up my target at the 30450 level, which coincides with the resistance line. If you like my analytics you may support me with your like/comment ❤️
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🚀If you want became part of my trading team, follow all my personal trades and start making big profits in trading welcome to my paid VIP signals group, write me ✏️ bit.ly/4grtzW3
❤️ Welcome to my free telegram channel 👉🏼 bit.ly/418mk0x
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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.