WalterMoon

BITCOIN - Price can bounce up, thereby leaving pennant

Long
COINBASE:BTCUSDT   Bitcoin / Tether
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊

A few days ago price declined below of resistance level, but at once bounced up and made a fake breakout.

After this movement, Bitcoin fell to support level, which coincided with support area and also entered to rising channel.

In channel price reached resistance level again, and even rose higher to resistance line, but soon made downward impulse to support line.

Thereby price formed pennant pattern, in which Bitcoin continues to trade to this day.

In my mind, price can decline to support line and then rise to $30500 level, exiting from pennant.

If this post is useful to you, you can support me with like/boost and advice in comments❤️

💎 We are provide daily Crypto and Forex (include Gold) signals.
🔶 Free telegram channel👉 bit.ly/3ZlpPg4
🔥 VIP Signals Prices and Conditions👉 bit.ly/Vip_signals_walter
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.