BITCOIN - Price can continue to move up inside wedge pattern

24 Oca

Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

A few moments ago, the price declined to support level, after which at once bounced up to resistance area.

Then BTC started to decline inside pennant, where it quickly declined from resistance area to support area.

After this, price bounced from the pennant's support line, broke the $94200 level, and exited from the pennant pattern.

Next, price rose to $102700 points and made a correction move to $90800 points, after which started to grow in wedge.

In wedge, BTC rose to $106500 level and even rose higher, reaching a new ATH and then fell back.

Now I expect that Bitcoin can correct to support line of wedge and then rise to 112K, breaking resistance level.

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25 Oca

İşlem aktif

Great! Price almost declined to support line of the wedge. For this case, when price reaches this line, I expect it will bounce and continue to increase.

26 Oca

İşlem kapandı: hedefe ulaştı

Still waiting when price bounces from the support line of the wedge and starts to grow.