BITCOIN - After impulse up, BTC can correct and continue rise
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price started to trades in rising channel, where firstly it broke $42500 level and rose to $48500 level.
BTC made strong correction movement to $38500 points, breaking $42500 level with support area.
After this movement, price turned around again and started to grow in one more rising channel, where soon BTC broke $42500 level.
In channel, price made retest of support level and then continued to grow to $48500 level, which coincided with support area.
Recently BTC broke this level, and now price trades near resistance line of channel, and I think it can correct to support area.
Then Bitcoin can continue to move up, higher than resistance line of channel to $52450 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price started to trades in rising channel, where firstly it broke $42500 level and rose to $48500 level.
BTC made strong correction movement to $38500 points, breaking $42500 level with support area.
After this movement, price turned around again and started to grow in one more rising channel, where soon BTC broke $42500 level.
In channel, price made retest of support level and then continued to grow to $48500 level, which coincided with support area.
Recently BTC broke this level, and now price trades near resistance line of channel, and I think it can correct to support area.
Then Bitcoin can continue to move up, higher than resistance line of channel to $52450 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️