BITCOIN - After strong upward impulse, price can make correction
Hi guys, this is my overview for BCTUSDT, feel free to check it and write your feedback in comments👊
Some days ago price started to trades in rising channel, where it first broke $42200 level and declined to support line.
Then price bounced back to $42200 level, broke it one more time and later made retest, after which BTC continued to move up.
Some time later Bitcoin made from support line of channel upward impulse to $52700 level, which coincided with resistance line.
But when it reached this line, price bounced and some time traded near, and later BTC repeated upward impulse to $64000 points.
Also, price broke $52700 level, exited from rising channel and now, in my mind, Bitcoin can decline to $57300 support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Some days ago price started to trades in rising channel, where it first broke $42200 level and declined to support line.
Then price bounced back to $42200 level, broke it one more time and later made retest, after which BTC continued to move up.
Some time later Bitcoin made from support line of channel upward impulse to $52700 level, which coincided with resistance line.
But when it reached this line, price bounced and some time traded near, and later BTC repeated upward impulse to $64000 points.
Also, price broke $52700 level, exited from rising channel and now, in my mind, Bitcoin can decline to $57300 support line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️