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.
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