FirstNameHelen

HelenP. I Bitcoin can fall below trend line and then rebound up

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price declined to support 2, which coincided with the support area, and soon broke this level and fell below this zone. Later BTC reached the trend line and started to rise near this line. Firstly price rose higher than support 2, thereby breaking it and then making a correction to the trend line, after which it rebounded and made impulse up to support 1. After the price reached this level, BTC in a short time broke it and rose to the resistance zone, but soon corrected. Also, the price entered to consolidation, in which Bitcoin first fell to support 1 and then started to rise to the resistance zone. After it rose to this zone, BTC at once rebounded down to the trend line. And now price trades very close to this line and I expect that Bitcoin can fall below the trend line and then rebound up to the top part of consolidation, which coincides with the resistance zone. For this case, I set up my target at the 35600 level. If you like my analytics you may support me with your like/comment ❤️

🚀Details if you interested in my Crypto or Forex & Gold Premium signals 👉🏼 t.me/helenp_trading/3474

❤️ Welcome to my free telegram channel 👉🏼 t.me/helenp_trading
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.