BITCOIN - Price can grow a little and then start to decline
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price made from support level upward impulse to resistance line, after which turned around and fell back.
Then BTC declined to support line and then started to rise to $71700 resistance level, which coincided with resistance area.
When price reached this level, BTC at once broke it and started to trades in wedge, where price made downward impulse.
After this, price broke $71700 level one more time and declined to support level, after which bounced and started to move up.
Soon BTC reached resistance line of wedge, but at once turned around and declined below.
In my mind, Bitcoin can reach resistance line of wedge and then bounce down to $65350, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price made from support level upward impulse to resistance line, after which turned around and fell back.
Then BTC declined to support line and then started to rise to $71700 resistance level, which coincided with resistance area.
When price reached this level, BTC at once broke it and started to trades in wedge, where price made downward impulse.
After this, price broke $71700 level one more time and declined to support level, after which bounced and started to move up.
Soon BTC reached resistance line of wedge, but at once turned around and declined below.
In my mind, Bitcoin can reach resistance line of wedge and then bounce down to $65350, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️