Bitcoin Analysis==>>End of Rally!!

26 Eyl 2024

Bitcoin moved as I expected in the previous post and started to rise after breaking the Resistance zone($64,140-$63,820).

Bitcoin was accompanied by two pieces of good news in the last 24 hours:

PayPal Opens Crypto Trading for US Businesses.

BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.

Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ).

According to the theory of Elliott waves, Bitcoin seems to be completing microwave 5 of the main wave C. (Actually, I think Bitcoin is still in corrective waves).

Also, Regular Divergence (RD-) between Consecutive Peaks.

The USDT.D chart is moving in the Heavy Support zone, near the Support lines and the lower line of the Descending Channel. I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.

As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000.

⚠️Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000.⚠️

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

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.

27 Eyl 2024

İşlem aktif

Trade was activated

28 Eyl 2024

Not

Tensions between Lebanon and Israel can affect Bitcoin's decline.

30 Eyl 2024

İşlem kapandı: hedefe ulaştı

✅First Target Done✅

BTC was able to break the lower line of the ascending channel.

30 Eyl 2024

Not

The first CME Gap was filled.

1 Eki 2024

İşlem kapandı: hedefe ulaştı

✅Second Target Done✅