BTC trades in triangle and can to decline to resistance line
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Hello traders, I want share with you my opinion about Bitcoin. When observing Bitcoin, we can see how the price bounced from the support area 29195-26955 and started an upward movement. After a retest of the resistance level, the price made a small correction, continued to rise and broke through it. Bitcoin continued to rise and formed a seller zone 30660-30970, from which it began to decline. The price continued to fall, broke through the current support level, and dropped to the support area. Over time, Bitcoin has created a symmetrical triangle and trades within it. We can see that not so long ago the price made a fake breakout of the resistance line, after which it returned to the within of the triangle and continued to fall. Bitcoin retested the triangle support line and rose to a resistance level from which it bounced and decreased. Now the price is trading below the resistance line and can continue to fall. I think the price can reach the support line of the triangle, so I decided to set the target for Bitcoin at level 28835, which coincide with the support line of the triangle. Please share this idea with your friends and click Boos 🚀
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.