Bitcoin can rebound up from support line, exiting from channel

9月29日

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 rebounded from the support line and broke the support level, which is located inside the buyer zone (59600 - 59200). After this, the price rose a little more and then made a correction to the buyer zone, after which made a strong upward impulse. Then BTC started to grow inside the upward channel, where it later almost reached the 64400 level, but soon turned around and corrected almost to support line of the channel. Next, the price rose to the 64400 level, but at once turned around and fell below, after which repeated movement to this level again and even entered the support area. Soon, however, BTC turned around and made a correction to the channel's support line, which coincided with the general support line and bounced up, thereby breaking the 64400 level. After this movement, the price made a retest and continued to move up, until it reached the resistance line of the channel. And then price turned around and started to decline. So, I think that BTC can decline to the general support line and then rebound up, thereby exiting from the channel. After this, the price made a retest and continues to move up, therefore I set two TP, first at the 66800 points and second at the 69000 points. Please share this idea with your friends and click Boost 🚀

9月30日

交易進行

BTC dropped lower support line, breaking it, and then fell below the support line of the upward channel. Maybe, it can decline a little more and then start to grow to my 1st TP.

10月1日

交易進行

I'm still waiting that BTC will make movement up to my TP 1

10月2日

交易進行

I think BTC can decline a little and then start to grow to the 64500 level, like in my new idea today: