BITCOIN - Price can correct and then bounce up from pennant

11 Apr

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❤️

12 Apr

Dagangan aktif

Great! BTC exited from pennant pattern and broke resistance level. Now, I expect that it will make correction and continue to grow next.

13 Apr

Dagangan ditutup: sasaran tercapai

Target almost reached! But recently it started to decline.