Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it fell to support area, which coincided with $61400 level, but at once bounced up.
After this, price rose to resistance line of channel and even higher, thereby exiting from channel.
Then BTC entered to wedge, in which price declined to support line, but soon turned around and made upward impulse.
Thereby price made fake breakout of $61400 level and later reached $69100 level, which coincided with support area.
Soon, BTC broke this level but then made correction, after which it in a short time backed up and now trades near resistance line.
In my mind, Bitcoin can reach this line and then bounce down to $69100 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price entered to rising channel, where it fell to support area, which coincided with $61400 level, but at once bounced up.
After this, price rose to resistance line of channel and even higher, thereby exiting from channel.
Then BTC entered to wedge, in which price declined to support line, but soon turned around and made upward impulse.
Thereby price made fake breakout of $61400 level and later reached $69100 level, which coincided with support area.
Soon, BTC broke this level but then made correction, after which it in a short time backed up and now trades near resistance line.
In my mind, Bitcoin can reach this line and then bounce down to $69100 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
Disclaimer
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.