YMGroup

Bitcoin can start to grow and exit of upward channel

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the Bitcoin chart.

Not long time ago Bitcoin traded inside of triangle but price made strong upward impulse and exited.

Also Bitcoin broke old resistance level and started trades inside of rising channel.

Recently price made retest of support line and still trades close.

I think that price can continue to grow in two scenarios.

In the first scenario: price after retest start to rise and exit from upward channel, in the second scenario: price one more time can make retest of support line and then bounce up.

That's why I set up my targets at $17200 and $17500 levels.

I expect this scenario.

This is my opinion, I really hope it will be useful for you.

Be prepared and save your money. Make big profits!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.