๐Hi, I hope you had a great weekend.
โ As I expected, Bitcoin started to rally from ๐ขHeavy Support zone($39,000-$37,000)๐ข.
๐โโ๏ธBitcoin is moving in the ๐ดResistance Zone($44,700-$41,780)๐ด.
๐Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.
๐According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.
๐The end of wave 5 can continue to a maximum of around $44,800.
๐I expect that Bitcoin will FALL at least to the ๐ขSupport zone($40,600-$40,280)๐ข after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the ๐ตCME Gap($39,700-$39,850)๐ต.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
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 gladly 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.
โ As I expected, Bitcoin started to rally from ๐ขHeavy Support zone($39,000-$37,000)๐ข.
๐โโ๏ธBitcoin is moving in the ๐ดResistance Zone($44,700-$41,780)๐ด.
๐Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.
๐According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.
๐The end of wave 5 can continue to a maximum of around $44,800.
๐I expect that Bitcoin will FALL at least to the ๐ขSupport zone($40,600-$40,280)๐ข after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the ๐ตCME Gap($39,700-$39,850)๐ต.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
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 gladly 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
์ฝ๋ฉํธ:
The upper line of the wedge pattern seems to be playing its role well; Bitcoin is possibly falling.
์ฝ๋ฉํธ:
If Bitcoin touches $42,820, further declines can happen.
์ฝ๋ฉํธ:
There is a possibility that the market will be a bit excited today due to the announcement of the Federal Funds Rate.
Now, we have to wait for the support line to break.
Now, we have to wait for the support line to break.
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์:
The โ
first targetโ
was hit.
์ฝ๋ฉํธ:
Bitcoin is likely to move between $44,000-$41,500 in the next three days.
์ฝ๋ฉํธ:
I expect Bitcoin to attack the ๐ขSupport zone($42,250-$41,500)๐ข again, although I expected the same in the initial analysis.
The main movement of Bitcoin will probably start at the beginning of the new week.
The main movement of Bitcoin will probably start at the beginning of the new week.
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๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3