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LegionQ8
8 Haz 2023 09:00

BTC break resistance line of bull flag and can continue to rise Alış

Bitcoin / TetherUSBinance

Açıklama

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Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price formed a resistance area 28000-28200, from which it began to decline. After a small upward correction and a retest of the resistance area, Bitcoin continued a downward move and broke through level 27400. For a long time, the price traded below the current resistance level, then rose, retested it and continued to fall. Bitcoin dropped to the level 25400, tested it and rose. The price make a downward correction, retested the support level, bounced, and created an upward impulse. Having reached the resistance level, Bitcoin tested it and began to fall. The price make a deep correction and over time created a bullish flag. After re-testing the support line, the price began to rise and broke through the resistance line of flag. Currently, the price is trading above resistance line of bullish flag, and can continue to rise. I think Bitcoin can continue upward move and reach resistance level. In this case, I decided to set the targets at level 26800 and at level 27400. Please share this idea with your friends and click Boost πŸš€
Yorumlar
Gold-Tech
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I think you got the key elements right. Great perspective on the market)
RLinda
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Correctly stated arguments, I agree with you. The idea proved to be informative and useful for further trading. Thanks my friend!
Mihai_Iacob
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BTC looks bullish, indeed.
Thanks for confirmation
vf_investment
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Wow! Excellent analysis!
ProjectSyndicate
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excellent trade setup
YourLazyTrader
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Very informative analysis and chart work is great too :)
HAMED_AZ
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thanks for sharing
linofx1
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Great technical analysis
ArmanShabanTrading
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Impressive chart!
InkyGrip
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I'm waiting for the long entry on BTCUSDT
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