TradingView
WalterMoon
Feb 13, 2024 10:08 AM

BITCOIN - After impulse up, BTC can correct and continue rise  Long

Bitcoin / TetherCoinbase

Description

â‹…
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in commentsđź‘Š

Some days ago price started to trades in rising channel, where firstly it broke $42500 level and rose to $48500 level.

BTC made strong correction movement to $38500 points, breaking $42500 level with support area.

After this movement, price turned around again and started to grow in one more rising channel, where soon BTC broke $42500 level.

In channel, price made retest of support level and then continued to grow to $48500 level, which coincided with support area.

Recently BTC broke this level, and now price trades near resistance line of channel, and I think it can correct to support area.

Then Bitcoin can continue to move up, higher than resistance line of channel to $52450 points.

If this post is useful to you, you can support me with like/boost and advice in comments❤️
Comments
CScalp_EN
â‹…
Thanks for the analysis. Your reasoning seems closest to the truth.
FFFoxbat
â‹…
very optimistic
pullbacksignal
â‹…
This is my idea,check it out
pullbacksignal
â‹…
It`s a good idea
Arazmajeed
â‹…
Best plan buddy ,thanks for sharing
MyCryptoParadise_Nathan
â‹…
Your analysis of BTCUSDT offers a comprehensive look at Bitcoin's recent price movements within a rising channel pattern.
mohsen_mohtashami
â‹…
You made it exactly what was happened we proud to have you here
Babenski
â‹…
Nice work
Xanrox
â‹…
Good analysis, my outlook:
MyCryptoParadise
â‹…
Potential upward movement beyond the channel
More