Bitcoin Analysis==>>Short-term
Updated
Bitcoin is moving near the Resistance zone($60,800-$56,700) and the Downtrend line.
According to the theory of Elliott Waves, Bitcoin seems to have completed the Double Three Correction(WXY) near the Resistance zone.
From a Classic Technical point of view, Bitcoin seems to have formed a Double Top Pattern.
Also, we can see Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least $52,600.
Bitcoin analysis on the daily time frame👇
Bitcoin Analyze (BTCUSDT), 15-minute 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.
According to the theory of Elliott Waves, Bitcoin seems to have completed the Double Three Correction(WXY) near the Resistance zone.
From a Classic Technical point of view, Bitcoin seems to have formed a Double Top Pattern.
Also, we can see Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least $52,600.
Bitcoin analysis on the daily time frame👇
Bitcoin Analyze (BTCUSDT), 15-minute 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
New update.
Note
Update: Bitcoin will drop to at least $54,300.
Trade closed: target reached
First Target
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