BITCOIN - Price can make retest and then continue to move up
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price bounced from $41700 level and tried to rise, but failed and in a short time declined to support line of wedge.
Then BTC at once made strong upward impulse to resistance line, and soon fell to $41700 level, making fake breakout of $47200 level.
Price broke $41700 level again and continued to decline to support line, and later started to grow in rising channel.
Also, BTC exited of wedge, broke $41700 level, and continued to move up in channel to $47200 level.
Recently price exited from channel, reached $41700 level, broke it and now BTC trades in resistance area.
Possibly, Bitcoin can make retest of support level, after breakout and then continue to grow to $49500
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price bounced from $41700 level and tried to rise, but failed and in a short time declined to support line of wedge.
Then BTC at once made strong upward impulse to resistance line, and soon fell to $41700 level, making fake breakout of $47200 level.
Price broke $41700 level again and continued to decline to support line, and later started to grow in rising channel.
Also, BTC exited of wedge, broke $41700 level, and continued to move up in channel to $47200 level.
Recently price exited from channel, reached $41700 level, broke it and now BTC trades in resistance area.
Possibly, Bitcoin can make retest of support level, after breakout and then continue to grow to $49500
If this post is useful to you, you can support me with like/boost and advice in comments❤️