🚨Bitcoin is Ready to Break Descending Channel🚨⏰(1-Hour)⏰
Updated
🏃♂️Bitcoin is moving in the 🟢Support zone($25,840_$25,600)🟢 after leaving behind a 🐻Bear Trap🐻.
📚It is better to know that, in general, Volume Trading is ↘️Low↘️ on Saturdays and Sundays.
🌊According to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.
💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.
💡Another sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms.
🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴Resistance zone($27,000-$26,350)🔴 and 🎯Target🎯 I have identified on the chart.
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.
📚It is better to know that, in general, Volume Trading is ↘️Low↘️ on Saturdays and Sundays.
🌊According to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.
💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.
💡Another sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms.
🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴Resistance zone($27,000-$26,350)🔴 and 🎯Target🎯 I have identified on the chart.
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's front resistance is the $26,000 round number (23.6% Fibonacci level), the next resistance is the next Fibonacci level at 32.8%.
Note
Bitcoin is likely to touch the support line.Note
Bitcoin is still holding above its support line.Trade closed: target reached
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