BITCOIN - Price can make correction to $49000 support level
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
When price started to trades in flat, price some time traded near $41300 level, which coincided with support area and bounced up.
After this, BTC rose to $49000 level, exiting from flat and entering to triangle, where price made downward impulse.
Price declined from resistance line to support line of triangle, breaking $41300 level, but soon price rose higher this level.
Next, Bitcoin made strong upward impulse to $49000 level, which coincided with support area, thereby exiting from triangle.
Also soon, price broke this level and recently rose higher support area, and now I think Bitcoin can little grow firstly.
Then price will turn around and start to decline to $49000 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
When price started to trades in flat, price some time traded near $41300 level, which coincided with support area and bounced up.
After this, BTC rose to $49000 level, exiting from flat and entering to triangle, where price made downward impulse.
Price declined from resistance line to support line of triangle, breaking $41300 level, but soon price rose higher this level.
Next, Bitcoin made strong upward impulse to $49000 level, which coincided with support area, thereby exiting from triangle.
Also soon, price broke this level and recently rose higher support area, and now I think Bitcoin can little grow firstly.
Then price will turn around and start to decline to $49000 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️