Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone...
So price is moving in this upward channel, and there is falling wedge on h and 4h TF.
Price is approaching that 1,132 resistance level again, if we go past it then next move is up to 1,135 and then 1,138 with ultimate turn around point at fibonacci level 0,5 which is also around the top of this channel.
Good luck and trade safe!
BTC /USDT Broke out descending channel and if we manage to go higher than daily open price witch marked with red line,
then we can think about higher prices and the next key level is 42553.88$ witch is 0.382 Fibonacci level
SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
