Bitcoin on 1h chart by RB🔥
Hello, dear friends! 🫶I'm so pleased to welcome You on my page! Bitcoin is currently undergoing a correction, so let's consider the options for how things will develop further!🧐
https://www.tradingview.com/x/r2uLfNFH/
On the chart, You can see an upward channel - white color 🤍, the price exited it touching the level of $65,500 and then returned to the channel. This could mean two scenarios:
1️⃣ first - a fake breakout,
2️⃣ second - a signal for a deeper correction.
I believe that if the price exits the channel again, we can expect a decline to the levels of 65,500 - 64,000, and if these levels are sharply broken, then the drop will be to 59,400.
If You want to know my thoughts on this matter, then correction is natural and an excellent way for the price to take a breather, while we put levels for buying!
💡TIP: Keep an eye on the further price behavior in the channel, and make a decision to enter a trade only on a breakout of the channel!
Thanks for Your attention🫶
Always sincerely yours, Kateryna💙💛
https://www.tradingview.com/x/r2uLfNFH/
On the chart, You can see an upward channel - white color 🤍, the price exited it touching the level of $65,500 and then returned to the channel. This could mean two scenarios:
1️⃣ first - a fake breakout,
2️⃣ second - a signal for a deeper correction.
I believe that if the price exits the channel again, we can expect a decline to the levels of 65,500 - 64,000, and if these levels are sharply broken, then the drop will be to 59,400.
If You want to know my thoughts on this matter, then correction is natural and an excellent way for the price to take a breather, while we put levels for buying!
💡TIP: Keep an eye on the further price behavior in the channel, and make a decision to enter a trade only on a breakout of the channel!
Thanks for Your attention🫶
Always sincerely yours, Kateryna💙💛
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