Bitcoin Analysis==>>Last Chance
Updated
Bitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law. However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily).
According to Elliott Wave theory, Bitcoin seems to be completing the Triple Double Correction(WXYXZ).
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern.
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily).
According to Elliott Wave theory, Bitcoin seems to be completing the Triple Double Correction(WXYXZ).
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern.
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
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 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
The upper CME Gap is filled, and a new CME Gap is created :)
I don't expect the SMAs to break with the first attack.
Trade closed: target reached
First Target
Trade closed: target reached
Second Target Done
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