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 commentsđź‘Š
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❤️