BITCOIN - Price can continue to decline to support area in flat
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price traded near the resistance level, which coincided with the resistance area, but soon it broke this level and entered to wedge.
In a wedge, the price rose back and reached the resistance line of the wedge and then bounced and made a strong downward impulse to $40500 level.
Also, BTC exited from the wedge and broke the $43500 level, after which the price started to trades inside the flat.
Inside flat, Bitcoin two time tried to reach the resistance level, but failed and at the moment it trades near this level.
Possibly, Bitcoin can rise a little more and then start to decline to $40900 support area, which coincides with the support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price traded near the resistance level, which coincided with the resistance area, but soon it broke this level and entered to wedge.
In a wedge, the price rose back and reached the resistance line of the wedge and then bounced and made a strong downward impulse to $40500 level.
Also, BTC exited from the wedge and broke the $43500 level, after which the price started to trades inside the flat.
Inside flat, Bitcoin two time tried to reach the resistance level, but failed and at the moment it trades near this level.
Possibly, Bitcoin can rise a little more and then start to decline to $40900 support area, which coincides with the support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️