Bitcoin will exit from pennant and continue to fall to 59K

9 ott 2024

Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to wedge, where it at once rebounded from the resistance line and fell to the support line, breaking the support level. After this movement, BTC started to grow and soon reached 57600, which coincided with the support area, broke it, and made a retest. Then it a little, after which made a correction to the support level and then made an impulse up to the resistance line of the wedge, which coincided with the 64000 level with the seller zone. Bitcoin some time traded near this level and later broke it, after which even exited from the wedge, but then it started to decline inside the downward pennant. Later price broke the 64000 level and dropped to the support line of the wedge, turned around and in a short time rose to the resistance level, but a not long time ago it turned around and fell to the support line. Now, the price trades near this line and I think it can rise a little and then continue to decline, thereby exiting from the pennant. For this case, I set my TP at 59000 points. Please share this idea with your friends and click Boost 🚀

10 ott 2024

Trade attivo

Great! Price exited from pennant, so, now I think it make retest, after breakout and then continue to decline to my TP.

11 ott 2024

Trade attivo

I think BTC can rise a little more, then turn around and start to decline to 57600 support level:

12 ott 2024

Trade attivo

Great! Bitcoin rose a little, now it can start to decline to support level.

13 ott 2024

Trade attivo

Still expect waiting BTC will start to decline to my TP.

14 ott 2024

Trade chiuso: stop raggiunto

BTC continued to rise and even recently broke the resistance level, so, it can make a retest and continue to grow next(