LegionQ8

Bitcoin can turn around from support area and start to grow

Long
LegionQ8 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price started to trades inside the upward pennant, where it broke the 60700 level and then reached the resistance line of this pattern. After this movement, BTC turned around and started to decline to the support level, which coincided with the support line of the pennant, and then the price made an upward impulse, thereby exiting from this pattern and soon broke the 66700 level too. Next, the price made a retest and started to trades inside the range, where it at once rose to part of the consolidation and then made a correction movement to the current support level, which coincided with the support area. Price some time traded near this level a little more and later rebounded up to the seller zone, where it at once turned around and in a short time fell back to the current support level. At the moment, it continues to trades near the 66700 level, which coincides with the support area and bottom part of the range. For this case, I think that BTC can fall to the support area and then turn around and start to grow to the seller zone. So, that's why I set my target at the 71000 points. Please share this idea with your friends and click Boost 🚀
Comment:
Price fell to the support area, as I said, and even a little lower. Also, BTC then started to grow, so, I think it can continue to move up, as I showed yesterday
Comment:
BTC continues to trades near the 66700 level, so, in my opinion, it can reach this level, then make a little correction movement down, after which price can rebound up to my TP

Comment:
Bitcoin continued to decline and now it trades near 64400 points, for this reason, I think BTC can decline to 63000 points, after which it will start to move up, so we we'll see
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