Technical crypto analysis based on breakout – Buy BTC upon a rebound from the supportive trendline

BTC –

Buy BTC upon a rebound from the supportive trendline

Technical Observation

Since January this year, BTC established a supportive trendline and is still contained above this trendline. As it is on the daily chart, I expect a drop towards this trendline to buy BTC at the least risk possible. If you’re not already in a long position, you could wait for price to decline then pick a buy order with my take profit at 11,512.20. However, should the price break below this trendline, then I’ll expect a surge to the lowerside towards last years lowest low. On its way downwards, the key lines to check for include $3,327.52, $3,214.21 and $2,512.32.

Trade Signal.

Buy BTC upon a rebound from the supportive trendline

101% Double the volume

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