Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price moved inside a rising channel, holding a bullish structure and making higher local lows.
Then, BTC exited from the channel and dropped to the $76600 support area, forming a new local bottom range.
After this, the price bounced strongly and started to form a pennant pattern with gradual pressure to the top.
Recently, it reached the resistance level at $82200 and tested the $83100 zone, but it has not made a breakout yet.
Now, BTC trades inside a pennant pattern and holds close to upper resistance without losing upward momentum.
In my mind, Bitcoin can break the resistance and reach the $86700 target as the next leg in its bullish direction.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price moved inside a rising channel, holding a bullish structure and making higher local lows.
Then, BTC exited from the channel and dropped to the $76600 support area, forming a new local bottom range.
After this, the price bounced strongly and started to form a pennant pattern with gradual pressure to the top.
Recently, it reached the resistance level at $82200 and tested the $83100 zone, but it has not made a breakout yet.
Now, BTC trades inside a pennant pattern and holds close to upper resistance without losing upward momentum.
In my mind, Bitcoin can break the resistance and reach the $86700 target as the next leg in its bullish direction.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Trade active
Great! BTC exited from pennant pattern and broke resistance level. Now, I expect that it will make correction and continue to grow next.Trade closed: target reached
Target almost reached! But recently it started to decline.
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💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
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.