Bitcoin Analysis==>> Bullish Flag Pattern

11 Eyl 2024

Bitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again.

According to Elliott's wave theory, Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5).

In terms of Classic Technical Analysis, Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern.

We can also see the Morning Star Candlestick Pattern, which can be a sign of the completion of Bitcoin correction or the main wave 4.

I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ).

Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least).

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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12 Eyl 2024

İşlem aktif

Trade Was activated

12 Eyl 2024

İşlem kapandı: hedefe ulaştı

✅First Target Done✅

13 Eyl 2024

İşlem kapandı: hedefe ulaştı

✅Second Target Done✅