Hello dear traders.
This is BTC chart in 4h time frame.
Bitcoin recently touched top of the rising channel and subsequently had a sharp fall down to the mid-line of the channel and yet,the price is ranging there.
So what we expect now is the continues slow-fall of the price to bottom of the channel that is also coincided with 17220-17360 support area shown with the white box in the pic.After that,we can expect a rise of price.
Our first target can be mid-line of channel and the second target can be top of the channel.
If you think this idea helps you,please like and comment your idea.
This is BTC chart in 4h time frame.
Bitcoin recently touched top of the rising channel and subsequently had a sharp fall down to the mid-line of the channel and yet,the price is ranging there.
So what we expect now is the continues slow-fall of the price to bottom of the channel that is also coincided with 17220-17360 support area shown with the white box in the pic.After that,we can expect a rise of price.
Our first target can be mid-line of channel and the second target can be top of the channel.
If you think this idea helps you,please like and comment your idea.