🚨Bitcoin Fall after the failure of the Uptrend line🚨⏰(1-Hour)⏰
Updated
✅Bitcoin managed to break the Uptrend line a few minutes ago.
🌊According to the theory of Elliott waves, Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴Resistance zone($27,000-$26,350)🔴 and near the 🟣Yearly Pivot Point($26,719))🟣.
🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯Target🎯 I specified in the chart.
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🌐➕Positive News➕🌐:
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients.
North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
🌐➖Negative News➖🌐:
Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins.
Crypto market outflows reached 55B in August as liquidity dwindled — Bitfinex.
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing
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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; 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.
🌊According to the theory of Elliott waves, Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the 🔴Resistance zone($27,000-$26,350)🔴 and near the 🟣Yearly Pivot Point($26,719))🟣.
🔔I expect Bitcoin to go Down in the coming hours and at least drop to the 🎯Target🎯 I specified in the chart.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?
This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients.
North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
🌐➖Negative News➖🌐:
Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins.
Crypto market outflows reached 55B in August as liquidity dwindled — Bitfinex.
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing
--------------------------------------------------------------------------------
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; 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
Bitcoin pulled back to the uptrend line.Note
Volume Trading is basically low on Saturday and Sunday.Note
If Bitcoin can stabilize the 4-hour candle above $27,000, we should wait for the pump. The analysis is still valid.
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