Bitcoin( 
BTCUSDT ) moved and filled the CME Gap as ✅I expected from the previous post.
Bitcoin was able to move itself below the Important Resistance Line and Resistance zone($70,080- $68,250).
Regarding Elliott wave theory, Bitcoin seems to have completed the main wave 5 as I expected with the Ending Diagonal. Currently, Bitcoin has completed 5 bearish (small) waves and is completing corrective waves.
In terms of Classical Technical Analysis, Bitcoin has the ability to form a Bearish Pennant Pattern or Head and Shoulders Pattern. (I drew the pattern separately for you so that the chart is not busy.)👇
I expect Bitcoin to continue its decline to at least $65,500, and if the Support zone($66,500- $64,480) is broken, we should expect more Bitcoin declines.
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT ) moved and filled the CME Gap as ✅I expected from the previous post.Bitcoin was able to move itself below the Important Resistance Line and Resistance zone($70,080- $68,250).
Regarding Elliott wave theory, Bitcoin seems to have completed the main wave 5 as I expected with the Ending Diagonal. Currently, Bitcoin has completed 5 bearish (small) waves and is completing corrective waves.
In terms of Classical Technical Analysis, Bitcoin has the ability to form a Bearish Pennant Pattern or Head and Shoulders Pattern. (I drew the pattern separately for you so that the chart is not busy.)👇
I expect Bitcoin to continue its decline to at least $65,500, and if the Support zone($66,500- $64,480) is broken, we should expect more Bitcoin declines.
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.