LegionQ8

After strong upward impulse, BTC can make correction to 44150

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago reached the resistance line of the downward channel, which is located in the support area, but at once rebounded and continued to decline in the channel. Later BTC fell to the support level, which coincided with the support line of the channel and buyer zone, but then the price rebounded and made impulse up to the resistance line. After this, Bitcoin bounced and declined until to support line of the channel, thereby breaking the 42000 level, but soon price rebounded and rose back, making a fake breakout of this level. Next, the price some time traded near the 42000 level and later rebounded up to the resistance line of the downward channel. In a short time, BTC exited from the channel and made a strong upward impulse to 45900 points, thereby breaking the 44150 level, which coincided with the support area. Recently it started to decline and possibly Bitcoin can make a correction to a current support level. For this case, I set my target at this level - 44150. Please share this idea with your friends and click Boost 🚀

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