LegionQ8

Bitcoin can make little correction and then continue to move up

Long
LegionQ8 Updated   
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 time ago started to rise in an upward channel, where at once it declined to support line, after which it rebounded and continued to move up. In a short time, BTC reached the 51000 support level, which coincided with the buyer zone, and soon broke this level. After this, the price some time traded near this level and later declined to it, after which turned around and made a strong impulse up. Then, after the impulse up, BTC reached the resistance level, which coincided with the seller zone, and even entered to this zone, which later reached the channel's resistance line. After this movement, the price turned around and in a short time declined almost to support line of the channel, breaking the 71400 level one more time. Some time later, BTC turned around and started to rise to a resistance level and recently price reached it and now trades close. At the moment I think that Bitcoin can bounce down from this level and little decline, after which continue to move up, thereby breaking this level. For this case, I set my target at the 78400 level. Please share this idea with your friends and click Boost 🚀
Comment:
Great, BTC made the small correction, as I said, so the next movement, which I expect, it can decline a little more and then continue to grow

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