LegionQ8

Bitcoin can correct to mirror line and then rebound up

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the mirror line and made a strong upward impulse to the current support level, which coincided with the support level, thereby breaking the 60300 support level also. After this, the price started to trades inside the range, where it at once made a correction movement from the 65100 level to the mirror line, after which bounced up. But soon BTC fell to the 60300 level, breaking this line, and some time traded near the support level, after which rose back to the mirror line and broke it again. Then the price declined again, after which made a strong upward impulse, breaking the mirror line and 65100 support level, thereby exiting from the range as well. After this movement, BTC made a correction to the mirror line and then rebounded back and now it continues to grow. So, in my opinion, Bitcoin can repeat the correction move to the mirror line, and then continue to move up. For this case, I set my target at 68500 points. Please share this idea with your friends and click Boost 🚀
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.