🚨Bitcoin Falls by Ending Diagonal Pattern🚨
Updated
✅Bitcoin has been responding well to my 🟡Price Reversal Zone(PRZ)🟡 for the past few days.
🌊According to the theory of Elliott waves, Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y.
🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line.
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🌐➕Positive News➕🌐:
Crypto Asset Market Cap Should Explode by ‘5 or 10x’ During Next Bull Market, Says Macro Investor Raoul Pal.
Grayscale CEO Michael Sonnenshein Says US Has Chance To ‘Assert Its Dominance’ With Crypto Regulation.
Grayscale Submits Application for New Ethereum Futures ETF.
🌐➖Negative News➖🌐:
Dormant Bitcoin Address Holding 56.3M Springs to Life After Nearly 6 Years.
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
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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.
🌊According to the theory of Elliott waves, Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y.
🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line.
---------------------------------------
🌐➕Positive News➕🌐:
Crypto Asset Market Cap Should Explode by ‘5 or 10x’ During Next Bull Market, Says Macro Investor Raoul Pal.
Grayscale CEO Michael Sonnenshein Says US Has Chance To ‘Assert Its Dominance’ With Crypto Regulation.
Grayscale Submits Application for New Ethereum Futures ETF.
🌐➖Negative News➖🌐:
Dormant Bitcoin Address Holding 56.3M Springs to Life After Nearly 6 Years.
U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
--------------------------------------------------------------------------------
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
Bitcoin reacted well to the lower Ending Diagonal line.Note
Standard Hammer Candlestick pattern in the right place.
Also, Bitcoin was able to break the upper line of the symmetrical Triangle. (5-minute time frame)
Note
I expect Bitcoin to rally before the FED meeting.Note
There is still a possibility of forming Ending DiagonalTrade closed: target reached
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