Short

BTC trades in triangle and can to decline to resistance line

Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price bounced from the support area 29195-26955 and started an upward movement. After a retest of the resistance level, the price made a small correction, continued to rise and broke through it. Bitcoin continued to rise and formed a seller zone 30660-30970, from which it began to decline. The price continued to fall, broke through the current support level, and dropped to the support area. Over time, Bitcoin has created a symmetrical triangle and trades within it. We can see that not so long ago the price made a fake breakout of the resistance line, after which it returned to the within of the triangle and continued to fall. Bitcoin retested the triangle support line and rose to a resistance level from which it bounced and decreased. Now the price is trading below the resistance line and can continue to fall. I think the price can reach the support line of the triangle, so I decided to set the target for Bitcoin at level 28835, which coincide with the support line of the triangle. Please share this idea with your friends and click Boos 🚀

LegionQ8

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LegionQ8

🔷Join my telegram channel for free - bit.ly/4g4wovR

💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8

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