Bitcoin / TetherUS
Panjang

Bitcoin can bounce up from support level to 29650

549
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 bounced up from the 30100 current resistance level, which is located inside the resistance area to the 31100 - 31300 seller zone. After this, the price made a correction back, but soon repeated movement and even made a fake breakout of the 31100 - 31300 seller zone. Then BTC rebounded down and entered to downward channel, in which later it broke the 30100 current resistance level and declined to the 29100 support level. Later, the price tried to rise but failed and fell below the 29100 - 28900 buyer zone to support line. Then Bitcoin bounced up to the resistance line, thereby exiting from the downward channel and forming a triangle pattern. Inside trinagle, the price fell back to the buyer zone, but recently it bounced up to the resistance line, where BTC continues to trade near now. In my mind, Bitcoin can fall to the support level and then bounce up to the resistance line. Then I think, the price can break this line, thereby exiting from the triangle and continuing to move up. For this case, I set up my target at 29650. Please share this idea with your friends and click Boost 🚀

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.