LegionQ8

Bitcoin can rebound up of support line and try exit from wedge

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline to the current support level. After it reached this level, BTC broke it and fell to the buyer zone, which coincided with the 41300 support level. A few moments ago price rebounded from this zone and rose higher than the 41300 level, breaking it, but then BTC started to decline in a downward channel, where it declined back to the buyer zone. Later price reached the support line of the wedge and at once made a strong upward impulse to the resistance line of the wedge, thereby exiting from the downward channel. After this, the price corrected to the support line and then continued to rise to the current support level. And a not long time ago BTC broke this level and now trades near. So, I think that Bitcoin can correct to the support line and then rebound up to the resistance line of the wedge. Then possibly, the price can exit from the wedge and continue to move up, therefore I set up my target at the 45300 level. Please share this idea with your friends and click Boost 🚀

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