Bitcoin can continue to decline inside range to 54800 points

18 wrz

Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to triangle, where it at once started to decline from the resistance line and soon fell below the 61200 level, breaking it. Then the price dropped more and broke the 53300 level, reaching the support line of the triangle, after which it turned around and started to grow. In a short time price rose to a resistance level, which coincided with the seller zone, breaking the 53300 level one more time. BTC some time traded near the resistance level and then fell to the support line of the triangle and then quickly rose to the resistance line of this pattern, breaking the resistance level. But then the price made impulse down, thereby exiting from the triangle pattern and breaking the 61200 level too. Also, BTC started to trades inside the range, where it declined to support level, which coincided with the buyer zone and at once rebounded up. A not long time ago price reached a resistance level and soon rolled down, and now it declining. So, for this case, I think that the price can rise to the resistance level and then continue to fall to almost the support level. That's why I set my TP at 54800 points. Please share this idea with your friends and click Boost 🚀

19 wrz

Zlecenie aktywne

I think that BTC can rise to 63K and then start to decline to 54800 points, thereby breaking the 61200 level