Bitcoin Analysis==>> Falling
Updated
Bitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900). Although it tried to break this zone😊.
According to the Elliott wave theory, Bitcoin seems to have succeeded in completing the Main wave 5.
In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign).
Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks.
I expect Bitcoin to continue falling at least to My targets.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 4-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 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 Elliott wave theory, Bitcoin seems to have succeeded in completing the Main wave 5.
In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign).
Also, we can see the Regular Divergence(RD-) between two Consecutive Peaks.
I expect Bitcoin to continue falling at least to My targets.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 4-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 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
Comment
Considering that the volume of trading is low on Saturdays and Sundays, we should not expect a further drop on these two days, but the analysis is still valid.Comment
If BTC can go up over $72,280, the scenario will be changed.Trade closed: target reached
First TargetTrade closed: target reached
Second Target Done
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