BTC can break support line of triangle and continue to decline
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Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price after retesting the resistance level 29685 began to decline and reached the level 28310. The price bounced off the support level, made a correction up, continued the decline and broke through it. Bitcoin traded below the current resistance level for a while and, after a retest, continued to fall. The price dropped to support level 26270, made a fake breakout, came back and started rising. Over time, Bitcoin formed a symmetrical triangle and is currently trading in the within. We see how the price rose to the resistance line of the triangle and formed the seller zone 27430-27680, from which it continued to decline. Bitcoin, having tested the support line of the triangle, bounced, made an upward correction, retested the seller zone, which coincide with the resistance line of the triangle and continued to move down. I think the price can continue the downward movement and leave the triangle. Bitcoin after possible break through the support line of the triangle can drop to support level. Based on this data, I decided to set two targets, at level 26685 which coincide with the support line of the triangle and at the support level 26250. Please share this idea with your friends and click Boost 🚀
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.