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FirstNameHelen
Jun 4, 2023 9:50 AM

HelenP. I Btc exit of triangle and may continue local uptrend Long

Bitcoin / TetherUSBinance

Description

Hi folks today I'm prepared for you BITCOIN analytics. Bitcoin rose to resistance at level 27335 and tried to break through it, but the price did not fix higher and began to fall. Bitcoin dropped to mark 25875, from which it rebounded and started an upward local trend. The price broke through the level of 27335, rose to resistance 28450 and after a re-test rebounded and began to fall. After a small correction, Bitcoin continued to fall and dropped to support zone 26770-26560. Over a long period, a symmetrical triangle was created in which the price was traded for a certain period of time. After retesting the trendline that corresponds the support of triangle and support area, Bitcoin started to rise. The price reached resistance, re-tested it and made a downward correction. Recently, the price has continued to rise and broke through the resistance of the triangle. Bitcoin is currently trading close to the level 27335 and may continue the local uptrend and break through it. I hope that the price after breaking through the resistance may continue to rise, so the goals will be set at levels 27335 and 27600. If you like my analytics you may support me with your like/comment ❤️
Comments
Williamforex
great idea
linofx1
possible scenario
DeGRAM
Thank you for sharing
Mihai_Iacob
I m also bullish BTC, i hope 26k zone support will hold
InvestingScope
Fine work. When would be the best time to enter the market?
TradingBrokersView
Quality post. Your contribution here is invaluable.
ArmanShabanTrading
very valuable
TradingShot
Thanks for sharing this idea! Nice description with good technical analysis.
BKTradingAcademy
Hopefully we’ll get that pull down to support.
arvine11
hello helen
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