untoldanalysis

BTC Rebound Potential

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS


* 1D


There was a big short as BTC broke out of the long-term upward trend line.

This trend line has played a very important support, and it will take some time to turn upward again.


* 4H


Currently, the bottom support zone has been tested twice, and the probability of going to touch the top resistance seems high.


* 1H


According to the one-hour chart, the short-term downward trend line has been broken and supported, and the key is to break the $26200 mark.

+ Bitcoin Dominance also fell during the fall, which is likely to result in a stronger Altcoin rebound.


Comment:

TP1 reached.

It's up about $750.
Comment:

TP2 reached.

It's up about $1300.
Trade closed: target reached:

TP3 reached.

It's up about $2000.

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