Bitcoin is getting Ready to Break the 🟢Support Zone🟢(15Min)
Updated
💡After coming below the Resistance Line, Bitcoin violated the scenario of re-attacking the 🔴Resistance Zone($26,980-$26,350)🔴.
📎Bitcoin has formed a Descending Channel in the last few hours.
🌊In terms of the structure of Elliott waves, Bitcoin is completing its 5 descending waves inside the descending channel so that the 3rd wave was completed in the lower line of the descending channel.
🌊Bitcoin is currently completing wave 4.
🌊Most likely, wave 4 will be completed in 🟡Price Reversal Zone(PRZ)🟡.
🔔I expect wave 5 to be completed below the 🟢support zone($25,870-$25,720)🟢.
📚Educational Tip: When wave is extended, wave 1 and wave 5 tend toward size equality (100%) or 61.8% relation.
📚Educational Tip: Since the structure of wave 2 was simple (Zigzag), we can expect the structure of waves in wave 4 to be Complex or Triangle (time break).
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🌐➕Positive News➕🌐:
Whales and Sharks Accumulated $300 Million in BTC Since the Mid-August Crypto Crash.
Bitcoin (BTC) Should Hit $135,000 After Halving, Says Pantera Capital.
Bitfinex Turkey offers zero-cost deposits via local banking giant.
Ripple Emerges Among Top 100 Companies That Care About Employees.
🌐➖Negative News➖🌐:
Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts.
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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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📎Bitcoin has formed a Descending Channel in the last few hours.
🌊In terms of the structure of Elliott waves, Bitcoin is completing its 5 descending waves inside the descending channel so that the 3rd wave was completed in the lower line of the descending channel.
🌊Bitcoin is currently completing wave 4.
🌊Most likely, wave 4 will be completed in 🟡Price Reversal Zone(PRZ)🟡.
🔔I expect wave 5 to be completed below the 🟢support zone($25,870-$25,720)🟢.
📚Educational Tip: When wave is extended, wave 1 and wave 5 tend toward size equality (100%) or 61.8% relation.
📚Educational Tip: Since the structure of wave 2 was simple (Zigzag), we can expect the structure of waves in wave 4 to be Complex or Triangle (time break).
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Whales and Sharks Accumulated $300 Million in BTC Since the Mid-August Crypto Crash.
Bitcoin (BTC) Should Hit $135,000 After Halving, Says Pantera Capital.
Bitfinex Turkey offers zero-cost deposits via local banking giant.
Ripple Emerges Among Top 100 Companies That Care About Employees.
🌐➖Negative News➖🌐:
Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts.
--------------------------------------------------------------------------------
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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
🟡Price Reversal Zone(PRZ)🟡 worked wellNote
Bitcoin has reached the top of the descending channel.Let's see if Bitcoin starts to fall from the top of the descending channel or not?!
Note
Fed Chair Powell Speaks less than 30 min later.Note
Transfer Stop Loss(SL) to Entry Point(EP) = Risk FreeTrade closed: target reached
Note
Bitcoin has exited the descending channelGenarally, Saturday and Sunday are low volume trading.
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