WalterMoon

BITCOIN - Price can continue move up inside rising channel

Long
COINBASE:BTCUSDT   Bitcoin / Tether
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

Some days ago price traded in wedge, where it bounced from support line and rose to resistance line.

After this BTC turned around and in a short time declined to support line, thereby breaking $42000 level.

But soon, price bounced from this line, exited from wedge, and entered to rising channel, where it later broke $42000 level again.

In channel, BTC rose to $49000 level, which coincided with support area, broke it, and reached resistance line.

Then price bounced from this line and started to decline, so at the moment, it trades close to support area.

In my mind, Bitcoin can make little correction movement and then continue to rise to $54400 in rising channel.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/3ZlpPg4
🔥 VIP Signals Prices and Conditions👉 bit.ly/Vip_signals_walter
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.