Bitcoin is moving in the Support zone($58,500-$57,000) near the Downtrend line.
According to the Elliott wave theory, Bitcoin seems to have completed its 5-wave downtrend in the 15-minute time frame.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise again to at least $59,200.
Note: If Bitcoin goes below $57,000, we should wait for Bitcoin to fall to $55,000 (at least).
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
According to the Elliott wave theory, Bitcoin seems to have completed its 5-wave downtrend in the 15-minute time frame.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise again to at least $59,200.
Note: If Bitcoin goes below $57,000, we should wait for Bitcoin to fall to $55,000 (at least).
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
BTC was able to break the Downtrend lineTrade closed: target reached
First Target DoneTrade closed: target reached
Second Target Done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.