Bitcoin Analysis==>>End of Rally!!
Updated
Bitcoin moved as I expected in the previous post and started to rise after breaking the Resistance zone($64,140-$63,820).
Bitcoin was accompanied by two pieces of good news in the last 24 hours:
PayPal Opens Crypto Trading for US Businesses.
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.
Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ).
According to the theory of Elliott waves, Bitcoin seems to be completing microwave 5 of the main wave C. (Actually, I think Bitcoin is still in corrective waves).
Also, Regular Divergence (RD-) between Consecutive Peaks.
The
USDT.D chart is moving in the Heavy Support zone, near the Support lines and the lower line of the Descending Channel. I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.
As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP
BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000.
⚠️Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000.⚠️
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.
Bitcoin was accompanied by two pieces of good news in the last 24 hours:
PayPal Opens Crypto Trading for US Businesses.
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.
Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ).
According to the theory of Elliott waves, Bitcoin seems to be completing microwave 5 of the main wave C. (Actually, I think Bitcoin is still in corrective waves).
Also, Regular Divergence (RD-) between Consecutive Peaks.
The
USDT.D chart is moving in the Heavy Support zone, near the Support lines and the lower line of the Descending Channel. I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP
BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000.⚠️Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000.⚠️
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 activatedNote
Tensions between Lebanon and Israel can affect Bitcoin's decline.Trade closed: target reached
✅First Target Done✅
BTC was able to break the lower line of the ascending channel.
Note
The first CME Gap was filled.Trade closed: target reached
✅Second Target Done✅
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