✅As I expected, Bitcoin reached the 🔴Resistance zone($65,700-$67,520)🔴.
🌊According to Elliott's wave theory, Bitcoin is completing wave 5.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈Looking at the Market Cap USDT Dominance% (USDT.D%) chart, I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the 🟢Support zone(4.72%-4.53%)🟢. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.👇
🔔I expect Bitcoin to start falling from the 🔴Resistance zone($65,700-$67,520)🔴 and continue falling to at least the 🟢Support zone($65,700-$64,180)🟢 and the 50_SMA(Daily).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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
Note
If BTC touches $66,220, we can expect BTC to go down more.
Note
The analysis is still valid; in my opinion, every time Bitcoin enters the 🔴Resistance zone($65,700-$67,520)🔴, a short position can be a good choice. Don't forget the Stop Loss.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.