BITCOIN - Price can start to decline inside rising channel
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 falling channel, where it bounced up from support line and rose to resistance line.
Then price bounced from this line and fell lower than $56700 level, breaking it and exiting from falling channel.
After this movement, BTC turned around and started to grow inside rising channel, where soon it broke $56700 level again.
Later price made retest and continued to grow to next level, which coincided with one more support area.
When BTC reached this level, it broke it and rose to resistance line of channel, where continues to trades near.
Now, I think price can start to decline from resistance line to $63800 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some time ago price entered to falling channel, where it bounced up from support line and rose to resistance line.
Then price bounced from this line and fell lower than $56700 level, breaking it and exiting from falling channel.
After this movement, BTC turned around and started to grow inside rising channel, where soon it broke $56700 level again.
Later price made retest and continued to grow to next level, which coincided with one more support area.
When BTC reached this level, it broke it and rose to resistance line of channel, where continues to trades near.
Now, I think price can start to decline from resistance line to $63800 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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