Bitcoin Analysis==>> Bullish Flag Pattern
Updated
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⏰.
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.
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⏰.
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.
Trade active
Trade Was activatedTrade closed: target reached
✅First Target Done✅
Trade closed: target reached
✅Second Target Done✅
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