Bitcoin is Ready to go UP from the Bottom of Ascending Channel🚀
Updated
Hi everyone👋.
🏃♂️Bitcoin is moving in the 🟢Support zone($25,840_$25,600)🟢 and near the Support line, and the lower line of the Ascending channel.
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢Support zone($25,840_$25,600)🟢 and the Support line. (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴Resistance zone($27,000-$26,350)🔴 in the coming hours to complete Wave C.
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🌐➕Positive News➕🌐:
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
🌐➖Negative News➖🌐:
Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses FWB:40 M in 'Unauthorized' Transfers.
Trouble in the Metaverse: 99% of Play-to-Earn Investors Now Counting Their Losses.
Exploits, hacks and scams stole almost 11B in 2023: Report.
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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.
🏃♂️Bitcoin is moving in the 🟢Support zone($25,840_$25,600)🟢 and near the Support line, and the lower line of the Ascending channel.
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢Support zone($25,840_$25,600)🟢 and the Support line. (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴Resistance zone($27,000-$26,350)🔴 in the coming hours to complete Wave C.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
🌐➖Negative News➖🌐:
Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses FWB:40 M in 'Unauthorized' Transfers.
Trouble in the Metaverse: 99% of Play-to-Earn Investors Now Counting Their Losses.
Exploits, hacks and scams stole almost 11B in 2023: Report.
--------------------------------------------------------------------------------
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
Focus on the rectangle pattern
Note
BTCUSDT
🟢Position: Long
✅Entry Point: 25650.0 USDT (Limit Order)
⛔️Stop Loss: 25420.0 USDT
💰Take Profit:
🎯 26200.0 USDT
Risk-To-Reward: 2.39
Double my volume @25420.0 USDT, then transfer your Stop Loss(SL) to $25180 USDT == martingale strategy
Trade closed: target reached
I closed position
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