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MadWhale
May 13, 2023 4:53 AM

BITCOIN range and correction before more gain 📖💡 

Bitcoin / TetherUSBinance

Description

Hello 🐋
based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡
for
any other huge pump, we need more correction to the downside 💡📖
if
the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖
but
if
breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡


range candlesticks to the upside and downside before any other sharp movement is logical 📖💡


👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Comments
LegionQ8
Do you use any technical indicators ?
FirstNameHelen
Well, if you say so about btc, its probably true, agreed
WalterMoon
Great analysis buddy, thanks for this chart !
rezamhd64
Hello
Thank you for your complete analysis
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