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 rose to $45200 resistance level, which coincided with resistance area.
Then BTC corrected to support line and after this made upward impulse to $48700 points, thereby exiting from channel.
But soon, BTC turned around and made a strong downward impulse to $40550 level, breaking $45200 resistance level.
Soon, price broke support level to and fell to support line, but later price in a short time backed up higher this level.
After this, price formed pennant, where BTC rose to resistance line and recently broke it, exiting from this pattern.
Now, in my opinion, Bitcoin can correct and then it continues to move up to $45200 resistance level.
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 rose to $45200 resistance level, which coincided with resistance area.
Then BTC corrected to support line and after this made upward impulse to $48700 points, thereby exiting from channel.
But soon, BTC turned around and made a strong downward impulse to $40550 level, breaking $45200 resistance level.
Soon, price broke support level to and fell to support line, but later price in a short time backed up higher this level.
After this, price formed pennant, where BTC rose to resistance line and recently broke it, exiting from this pattern.
Now, in my opinion, Bitcoin can correct and then it continues to move up to $45200 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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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.
🔶 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.