🚨 Bitcoin Ready to Fall Again🚨⏰(1-Hour)⏰
Updated
✅As I expected in the post a few hours ago, Bitcoin was able to break the Resistance line(1) and reach the 🟡Price Reversal Zone(PRZ)🟡.👇
🌊According to the theory of Elliott waves, Bitcoin managed to complete the Double Three Correction(WXY) waves at the 🟡Price Reversal Zone(PRZ)🟡 and the Resistance line(2).
💡Also, we can see a Regular Divergence(RD-) between Volume and Price between two consecutive Peaks.
🔔I expect Bitcoin to come back below the Resistance line(1) in the coming hours, and this time it is likely to break the 🟢Support zone($25,840_$25,600)🟢.
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 the Double Three Correction(WXY) waves at the 🟡Price Reversal Zone(PRZ)🟡 and the Resistance line(2).
💡Also, we can see a Regular Divergence(RD-) between Volume and Price between two consecutive Peaks.
🔔I expect Bitcoin to come back below the Resistance line(1) in the coming hours, and this time it is likely to break the 🟢Support zone($25,840_$25,600)🟢.
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 seems to have reacted well to 🟡Price Reversal Zone(PRZ)🟡.Note
Running well as I expected.Trade closed: target reached
🎯First Target🎯Note
Bitcoin will probably touch $25,550.Note
Since Volume Trading is low on Saturdays and Sundays, we may not expect a big movement from Bitcoin.Note
Next target= $25,520Note
I transfer Stop Loss to Entry Point = Risk Free (for Half of my position).Trade closed: target reached
🎯Second Target🎯Note
BTC is attacking to support line
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