LegionQ8

Bitcoin can correct to support line and then make upward impulse

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago reached the 36800 support level, which coincided with the buyer zone and in a short time broke it. Then BTC rose a little more, but soon it made a correction back, after which it entered to upward pennant. In pennant, the price at once rebounded from the support line and made a strong impulse up to the current support level, which is located in the support area. Later BTC broke this level too and continued to move up to the resistance line of the pennant. After it reached this line, the price around down and in a short time declined to the support line, breaking the 41600 level, but a not long time ago it backed up. As well recently, Bitcoin reached the resistance line of a pennant, after which it rebounded to the support area. And now BTC continues to trades near this area and in my mind Bitcoin can correct to support line of pennant and then make an upward impulse, thereby exiting from this pattern. For this case, I set up my target at the 44100 level. Please share this idea with your friends and click Boost 🚀

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