LegionQ8

After strong upward impulse, Bitcoin can start to decline

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 day ago price started to trades in an upward channel, where it finally rebounded from the support line and rose to the 34100 support level, which coincided with the buyer zone. In a short time, BTC broke this level and then some time traded near, after which it rebounded and tried to move up, but soon it made a correction back to the 34100 level. Next, the price made an upward impulse to the current support level, which is located in the support area, and at once rebounded down to the support line of the channel. After this price rebounded from this line and started to rise. Later Bitcoin reached the current support level again, but this time price finally broke it and rose higher to the resistance line of the channel. Also soon, BTC broke this line too, thereby exiting from the channel and recently rose until to 42000 points. And now, after a strong impulse, I think the price can start to decline. For this case, I set my target at the 39800 level. Please share this idea with your friends and click Boost 🚀

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