โ As I expected in the post a few hours ago, Bitcoin was able to break the Resistance line(1) and reach the ๐กPrice Reversal Zone(PRZ)๐ก.๐
๐According to the theory of Elliott waves, Bitcoin managed to complete the Double Three Correction(WXY) waves at the ๐กPrice Reversal Zone(PRZ)๐ก and the Resistance line(2).
๐กAlso, we can see a Regular Divergence(RD-) between Volume and Price between two consecutive Peaks.
๐I expect Bitcoin to come back below the Resistance line(1) in the coming hours, and this time it is likely to break the ๐ขSupport zone($25,840_$25,600)๐ข.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
์กํฐ๋ธ ํธ๋ ์ด๋
๋ ธํธ
Bitcoin seems to have reacted well to ๐กPrice Reversal Zone(PRZ)๐ก.
๋ ธํธ
Running well as I expected.
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์
๐ฏFirst Target๐ฏ
๋ ธํธ
Bitcoin will probably touch $25,550.
๋ ธํธ
Since Volume Trading is low on Saturdays and Sundays, we may not expect a big movement from Bitcoin.
๋ ธํธ
Next target= $25,520
๋ ธํธ
I transfer Stop Loss to Entry Point = Risk Free (for Half of my position).