Bitcoin Analysis==>> Last Chance for Breaking!!!
Updated
Bitcoin(
BTCUSDT) is still moving in the Resistance zone($70,080- $68,250) and is trying to break this zone.
Will Bitcoin break the Resistance zone($70,080- $68,250) !? Your Idea❓
Also, Bitcoin is likely to form an Ascending Channel in the 1-hour time frame, we have to wait to see if Bitcoin can form the second top or not.
According to the theory of Elliott waves, Bitcoin seems to be forming 5 more impulse waves after completing the Corrective Structure(Double Three Correction(WXY)). Currently, Bitcoin is completing wave 3, and wave 5 could be above the ascending channel (possible).
I expect Bitcoin to at least drop to the Support zone($68,420- $67,850) and fill the First CME Gap($68,395- $68,425) and then rise again.
🔔Note: Bitcoin is generally in a sensitive price zone, and I think this is the last chance for Bitcoin to break the resistance zone. Tensions in the Middle East and a series of other factors that I will try to share with you in the next post (Prevent Bitcoin's increase and the formation of a new All-Time High(ATH)).
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250), it will increase to at least $72,000.⚠️
⚠️Note: If Bitcoin goes below the Support zone($68,420- $67,850), we should expect more dumps.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
BTCUSDT) is still moving in the Resistance zone($70,080- $68,250) and is trying to break this zone. Will Bitcoin break the Resistance zone($70,080- $68,250) !? Your Idea❓
Also, Bitcoin is likely to form an Ascending Channel in the 1-hour time frame, we have to wait to see if Bitcoin can form the second top or not.
According to the theory of Elliott waves, Bitcoin seems to be forming 5 more impulse waves after completing the Corrective Structure(Double Three Correction(WXY)). Currently, Bitcoin is completing wave 3, and wave 5 could be above the ascending channel (possible).
I expect Bitcoin to at least drop to the Support zone($68,420- $67,850) and fill the First CME Gap($68,395- $68,425) and then rise again.
🔔Note: Bitcoin is generally in a sensitive price zone, and I think this is the last chance for Bitcoin to break the resistance zone. Tensions in the Middle East and a series of other factors that I will try to share with you in the next post (Prevent Bitcoin's increase and the formation of a new All-Time High(ATH)).
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250), it will increase to at least $72,000.⚠️
⚠️Note: If Bitcoin goes below the Support zone($68,420- $67,850), we should expect more dumps.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
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