LegionQ8

Bitcoin can make small correction and then continue to rise

Long
LegionQ8 Updated   
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 fell to the buyer zone, which coincided with the support level, but at once rebounded and started to move up. But soon, BTC made a correction to the 61400 level and after this, the price made a strong upward impulse to 68500 points, but at once made a correction again. After correction price tried to rise one more time, but BTC turned around and in a short time declined to 59000 points, thereby breaking the 61400 level. As well later, the price started to trades in an upward wedge, where BTC turned around from 59000 points and made a strong upward impulse, breaking the 61400 level one more time. After this price continued to move up some time more, after which the price made a correction to support line of the wedge. Then BTC rebounded up to the current support level, which coincided with the support area, and even entered this area and reached the resistance line. Soon price bounced back to the support line, but recently BTC backed up to the support area, and now the price trades even higher this zone. So, I think Bitcoin can make a correction to the support area, after which the price will turn around and continue to move up to the resistance line. Therefore I set my target at the 75000 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Comment:
So, BTC exited from the wedge and fell to the support area, but it didn't turn around and start to grow, the price declined more, breaking the support level. For this reason, I think Bitcoin can decline a little more, after which it start to rise back

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