Hello to every one who is reading this ✋ As I mentioned before in my last published idea i told that bitcoin price is going to 12500 when the actuall price was 11000 .
OK , this analysis is about the resistance of bitcoin to the price of 13000 . as you can see we pass the 13000 but the sells is much more than the buys and we can`t break the resistance yet . the Elliott Theory says that we are in the (3)rd wave of the actuall 5th wave , and of course it`s called dumb wave .
the VOL of the BTC is going down that means be going to have a bearish channel down to 12500 or 12000 in worst case .
RSI says that we bought to much and it`s time for bears to take control . and MACD is going to approve the sell for 1 or 2 days from now .
and of course it`s my theory for now about the BTC but if bulls made to break the 13000 resistance and we go over 13400 it`s likey that we go for 14000 .
Until then we have to wait and SEE.
again I`m sorry for my bad writing cause my mother language is not English :D
and please like if you agree with my theory and if you disagree please tell me down bellow in the comment section . THANK YOU FOR READING MY THEORY
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