Bitcoin Roadmap==>>1-hour time frame==>>Filling CME Gap
Updated
Bitcoin( 
BTCUSDT ) is moving near the Important Resistance lines (Bitcoin is attacking important resistance lines for the fifth time) in the Resistance zone($70,080- $68,250).
According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 in the small ascending channel.
Also, Regular Divergence (RD-) between Consecutive Peaks.
I expect Bitcoin to fail again after breaking the lower lines of the ascending channels (small and big) and then fill the first CME Gap($67,250- $67,050).
⚠️Note: The formation of the Bull Trap is probably high.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
BTCUSDT ) is moving near the Important Resistance lines (Bitcoin is attacking important resistance lines for the fifth time) in the Resistance zone($70,080- $68,250).According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 in the small ascending channel.
Also, Regular Divergence (RD-) between Consecutive Peaks.
I expect Bitcoin to fail again after breaking the lower lines of the ascending channels (small and big) and then fill the first CME Gap($67,250- $67,050).
⚠️Note: The formation of the Bull Trap is probably high.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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
Position was activatedNote
The loss of the lower line of the ascending channel (purple color) is considered a sign of weakness to continue the upward trend, but since this happened on Saturday and Sunday, one reason is the low trading volume on these days.
Bitcoin seems to be completing a corrective zigzag pattern, which can start to bounce back from one of the PRZs, and if Bitcoin rises from $69,040, the scenario will change.
Trade closed: target reached
First Target Done
Trade closed: target reached
Second Target Done.
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