Bitcoin at Key Resistance – Will Bears Take Control?

19 Mar

Bitcoin(BTCUSDT) started to rise as I expected in the previous posts.

Bitcoin is moving near the Resistance zone($87,100_$85,800), the upper line of the Ascending Channel, and the Time Reversal Zone(TRZ).

In terms of Elliott Wave theory, Bitcoin appears to be completing microwave C of the main wave Y.

Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.

I expect Bitcoin to start declining from the Resistance zone($87,100_$85,800) again, the first target could be $83,400 and the second target can be the CME Gap($80,760_$80,380) filling.

Note: If Bitcoin breaks the Resistance zone($87,100_$85,800) we can expect more pumps.

This analysis is in line with the following analysis that I shared with you on the weekly timeframe.👇

Please respect each other's ideas and express them politely if you agree or disagree.

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

Be sure to follow the updated ideas.

Do not forget to put a 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.

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20 Mar

İşlem aktif

Trade was activated (We saw small fake break)

21 Mar

İşlem kapandı: hedefe ulaştı

First Target Done, TRZ worked well too.