BITCOIN'S NEXT MOVE: A 15-MINUTE ANALYSIS!!
Updated
👉"This analysis provides a short-term roadmap for #Bitcoin.
🔰Based on a 15-minute timeframe, Bitcoin could initiate a decline from either the 60701.31 level or the high of the bull channel depicted in the figure (hypothetical channel), targeting 59671.09 and subsequently 58497.06.
🔰A breakout of the 60701.31 resistance on the 15-minute timeframe could potentially create a temporary rally to the channel's high (smaller green rectangle).
🔰For #Bitcoin to sustain a continuous bull-trend, it must breach the upward channel shown in the figure and confirm the pullback!!
🔰In this scenario, the minimum growth target would be the 62731.30-62918.34 range."
⭐What's your opinion on the short-term movement of #Bitcoin❓
🔰Based on a 15-minute timeframe, Bitcoin could initiate a decline from either the 60701.31 level or the high of the bull channel depicted in the figure (hypothetical channel), targeting 59671.09 and subsequently 58497.06.
🔰A breakout of the 60701.31 resistance on the 15-minute timeframe could potentially create a temporary rally to the channel's high (smaller green rectangle).
🔰For #Bitcoin to sustain a continuous bull-trend, it must breach the upward channel shown in the figure and confirm the pullback!!
🔰In this scenario, the minimum growth target would be the 62731.30-62918.34 range."
⭐What's your opinion on the short-term movement of #Bitcoin❓
Note
🔄#BITCOIN analysis update - August 10
⏳Based on the 15m time-frame:
🔰After breaking the 60701.31 resistance:
Bitcoin advanced to the high of the hypothetical bullish channel, as per the temporary growth scenario.
🔰#Bitcoin might now enter a bearish phase.
🔰On the 1-minute timeframe, spotting reversal patterns could signal a sell order.
Note
🔄#BITCOIN analysis update - August 11
⏳Based on the 15m time-frame:
✅Bitcoin, after a temporary rise and touching the high of the bullish channel, started its decline as predicted.
🔰This decline can continue towards the specified targets in the figure.
If I find more points about #BITCOIN than this analysis, I will post a new analysis today.
🔰Did you take advantage of this decline from the channel high?
Note
Hi,
As predicted, the #BITCOIN decline started from the high of the bullish channel, and the first target has been achieved so far✅💵💵
Trade closed: target reached
✅The second target, equivalent to the price of 58497.06, has been achieved💵
In total, this analysis has reached its full target🎯🎯
⏳A new analysis will be posted soon⏳
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