🚧Bitcoin Needs Correction🚧
Updated
✅Bitcoin moved as I expected in the previous post.
💡Currently, Bitcoin has reacted well to the 🔴Resistance zone($65,650-$64,200)🔴.
🌊According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
🔔I expect Bitcoin to fall after breaking the Uptrend line, at least to the first 🎯Target🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($65,650-$64,200)🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
💡Currently, Bitcoin has reacted well to the 🔴Resistance zone($65,650-$64,200)🔴.
🌊According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
🔔I expect Bitcoin to fall after breaking the Uptrend line, at least to the first 🎯Target🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($65,650-$64,200)🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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
Note
The probability of forming a Head and Shoulders Pattern pattern has increased.If Bitcoin goes above $64,780, the Head and Shoulders Pattern will not be formed, but the analysis is still valid until Bitcoin breaks the 🔴Resistance zone($65,650-$64,200)🔴.
Note
BTC is Running well as I expected, my targets: $62,700//$62,000.
⚠️BTC can go down even more.⚠️
Trade closed: target reached
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