Bitcoin / TetherLong
BITCOIN - Price can continue to move up inside rising channel
Updated
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š
Recently, price bounced from resistance level and fell to support area and even a little lower than this area.
After this, price started to trades inside wedge, where it made upward impulse to resistance line of this pattern.
BTC broke $96800 level, but soon turned around and dropped below it, breaking this level again.
Then price declined to support line of wedge, breaking $93600 level, after which started to grow in rising channel.
Price exited from wedge also and rose inside channel to resistance line, breaking $93600 level, but then corrected.
Now, I think that BTC can first correct and then continue to grow to $99300, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently, price bounced from resistance level and fell to support area and even a little lower than this area.
After this, price started to trades inside wedge, where it made upward impulse to resistance line of this pattern.
BTC broke $96800 level, but soon turned around and dropped below it, breaking this level again.
Then price declined to support line of wedge, breaking $93600 level, after which started to grow in rising channel.
Price exited from wedge also and rose inside channel to resistance line, breaking $93600 level, but then corrected.
Now, I think that BTC can first correct and then continue to grow to $99300, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Great! Price reached resistance line of the channel, breaking the resistance level. But a not long time ago it made the small correction. For this case, I think that BTC will decline a little more and then continue to grow and later reach my target.Trade closed: target reached
BTC made the correction in the rising channel, but I still waiting when it turn around and grow to $99300 points.
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