🚀Bitcoin will Go Up after Pullback🚀
Updated
💡Bitcoin managed to break the 🔴Resistance zone($65,700-$64,180)🔴, Resistance line and 50_SMA(Daily) yesterday.
💡Bitcoin seems to be completing a pullback right now.
🌊Regarding Elliott wave theory, Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4.
📈In terms of Classic Technical Analysis, Bitcoin managed to break the resistance zone, resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern. Bitcoin seems to have increased at least to the 🎯Target🎯 of this pattern.
💡Let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
💡USDT.D% seems to start falling after reaching the 🔴Resistance zone(4.92%-4.87%)🔴, which is in line with Bitcoin's analysis. ⚠️The scenario will change if USDT.D% can break the resistance zone⚠️.👇
🔔I expect Bitcoin to rise to the next 🔴Resistance zone($65,700-$67,520)🔴 after the completion of wave 4 (pullback).
❗️⚠️Note⚠️❗️: If Bitcoin falls below the 🔴Resistance zone($65,700-$64,180)🔴, the scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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 seems to be completing a pullback right now.
🌊Regarding Elliott wave theory, Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4.
📈In terms of Classic Technical Analysis, Bitcoin managed to break the resistance zone, resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern. Bitcoin seems to have increased at least to the 🎯Target🎯 of this pattern.
💡Let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
💡USDT.D% seems to start falling after reaching the 🔴Resistance zone(4.92%-4.87%)🔴, which is in line with Bitcoin's analysis. ⚠️The scenario will change if USDT.D% can break the resistance zone⚠️.👇
🔔I expect Bitcoin to rise to the next 🔴Resistance zone($65,700-$67,520)🔴 after the completion of wave 4 (pullback).
❗️⚠️Note⚠️❗️: If Bitcoin falls below the 🔴Resistance zone($65,700-$64,180)🔴, the scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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
Trade closed: target reached
First TargetTrade closed: target reached
I closed my position.(Second Target)
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