BITCOIN - Price can turn around and start to decline to $63000
Updated
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago, price entered to wedge, where at once bounced from resistance line and fell to support line.
Also, BTC broke $58200 level, but later price bounced from support line, reached this level, and broke it again.
Then it made retest and continued to move up to $63400 level, which coincided with support area.
When Bitcoin reached this level, it made a gap and then a long time traded near $63400 level, trying to break it.
Recently, price broke this level and rose to resistance line of wedge, where at the moment continued to trades near.
Possibly, BTC can rise a little higher than resistance line and then bounce down to $63000, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago, price entered to wedge, where at once bounced from resistance line and fell to support line.
Also, BTC broke $58200 level, but later price bounced from support line, reached this level, and broke it again.
Then it made retest and continued to move up to $63400 level, which coincided with support area.
When Bitcoin reached this level, it made a gap and then a long time traded near $63400 level, trying to break it.
Recently, price broke this level and rose to resistance line of wedge, where at the moment continued to trades near.
Possibly, BTC can rise a little higher than resistance line and then bounce down to $63000, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
OK. BTC turned around and started to decline, so, I expect that Bitcoin will fall to my target.
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