🏃♂️Bitcoin is moving near the 🔴Resistance zone($71,350-$70,900)🔴 and seems to have broken the Support line.
🌊According to the theory of Elliott waves, Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5).
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈If Bitcoin's downward momentum is high, there is a possibility of forming a classic Double Top Pattern.
🔔I expect Bitcoin to ⚔️Attack⚔️ the 🟢Heavy Support zone($69,300-$67,500)🟢 once again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly 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 seems to have successfully completed the Zigzag Correction(ABC/5-3-5).
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈If Bitcoin's downward momentum is high, there is a possibility of forming a classic Double Top Pattern.
🔔I expect Bitcoin to ⚔️Attack⚔️ the 🟢Heavy Support zone($69,300-$67,500)🟢 once again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 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 closed: target reached
Trade active
I opened againTrade closed: target reached
Second position Done.Note
Also, BTC was able to break the 🟢Heavy Support zone($69,300-$67,500)🟢.Note
Bitcoin lost support lines, and the downward trend is expected to continue.
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.