LegionQ8

Bitcoin can correct to support line and then make impulse up

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. A not long time ago price rebounded from the support level, which coincided with the support area, and in a short time rose to 69000 points, after which turned around and made a strong downward impulse to lower the 64800 level, breaking it. After this movement, BTC started to trades in an upward pennant, where rebounded from the support line and quickly rose to 68200 points, breaking the support level again, but soon price repeated a downward impulse and fell back to the support line, breaking the 64800 support level one more time. Soon, BTC started to grow and in a short time reached the support level, broke it, and finally continued to move up to the resistance level, but firstly it made a retest of the support level and only then continued to grow. When the price reached a resistance level, which coincided with the seller zone, BTC broke it, and some time traded in this zone, after which made a small correction below. Later price rose to the resistance line of the pennant, after which rebounded down, and at the moment price trades very close to the resistance level. For this case, I think that Bitcoin can make a correction movement to almost the support line and then the price will impulse up a higher resistance line and 70500 level, thereby exiting from the pennant. After this, I think BTC will continue to grow to 72500 points. Please share this idea with your friends and click Boost 🚀

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