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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.