Bitcoin can rebound from resistance level and start to decline

16 Jul

Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago entered a wedge, where it at once rebounded from the resistance line and broke the 63700 resistance level, which coincided with the seller zone. After this, BTC fell to the support line of the wedge and then started to grow and when it reached the resistance line of the wedge in the seller zone, the price turned around and rebounded down to the support line. Then price continued to decline, thereby exiting from the wedge and later even fell lower than the 56500 level, which coincided with the buyer zone. But soon BTC turned around and started to grow inside the upward channel, where it some time later broke the 56500 level and continued to trades near this level. A few moments later BTC made a strong impulse up from this level to the resistance level, thereby exiting from the channel and even recently making a fake breakout of the 63700 level. To this day, the price trades near this level and I think that it can rebound from the resistance level and start to decline. So, I set my TP at 60000 points. Please share this idea with your friends and click Boost 🚀

17 Jul

Nota

OK, BTC didn't decline how I expected, it broke resistance level and continued to move up. So, now I think it can make small movement up and then drop to 62000 points, breaking resistance level one more time: