Bitcoin can Go Down by Rising Wedge Pattern⏰(1_Hour)⏰

🏃‍♂️Bitcoin is moving near the 🔴Resistance zone($35,300_$34,800)🔴.

🌊According to the theory of Elliott Waves, Bitcoin seems to be forming a Double Three Correction(WXY).

📚Also, from the point of view of classical technical analysis, it is also possible to form a Rising Wedge Pattern.

🔔I expect Bitcoin to start rising again after hitting the lower line of the Rising Wedge pattern, but when it hits the upper line again, the main decline will begin. Probably, the purpose of the Fall of Bitcoin is the Support line (of course, the price of Bitcoin can go lower).

❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.

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; this is just my Idea, and I will gladly see your ideas in this post.

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Yorum:

My counting waves were changed.

I expect Bitcoin to fall soon.

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