Downloading...
Bitcoin / Tether
Long

BITCOIN - Price can correct to support level and then bounce up

362
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

A not long time ago price bounced from support level, which coincided with support area, and rose to $45800 level.

But then BTC made downward impulse to support line, but in a short time price backed up and then started to rise.

Also, price started to trades in wedge, where later it rose to resistance line, thereby breaking $45800 level.

Later price made downward impulse from this line to support line of wedge, breaking two levels $45800 and $41700

After this, BTC turned around and in a short time, it exited from wedge and soon broke $41700 level again.

Now price trades near the support level and I think BTC can correct to this level and then bounce up to $44700

If this post is useful to you, you can support me with like/boost and advice in comments❤️

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.