Bitcoin is Ready to Crash Again!!!
Updated
Bitcoin is currently moving near the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) and 200_SMA(Daily).
According to the Elliott wave theory, Bitcoin seems to be completing main wave 4. The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5).
I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again.
⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly), we can expect the BTC pump to near $65,000.⚠️
In previous posts, I tried to show you the Bitcoin roadmap step by step; I hope it was useful.
Bitcoin Analyze (BTCUSDT), 4-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 the Elliott wave theory, Bitcoin seems to be completing main wave 4. The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5).
I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again.
⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly), we can expect the BTC pump to near $65,000.⚠️
In previous posts, I tried to show you the Bitcoin roadmap step by step; I hope it was useful.
Bitcoin Analyze (BTCUSDT), 4-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.
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