๐Hi everyone.
๐โโ๏ธBitcoin is moving near the ๐ดResistance zone($30,450-$29,500)๐ด and Important Resistance line.
๐According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing microwave A from the main wave B by means of Expanding Leading Diagonal.
๐If we want to look at Bitcoin from the point of view of classical technical analysis, the Expanding Leading Diagonal is actually the Ascending Broadening Wedge.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐I expect Bitcoin to start falling again and at least to the๐ขSupport zone($26,880-$26,500)๐ข and the ๐ตCME Gap($26,400-$26,290)๐ต is likely to be filled in this fall.
โ๏ธNoteโ๏ธ: If Bitcoin goes over $31,000,this analysis will โFailโ.
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๐โPositive Newsโ๐:
Novogratz thinks bitcoin ETFs will be approved this year.
Euro CBDC Advances Into โPreparation Phaseโ: European Central Bank.
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin.
Fidelity Submits Updated Spot Bitcoin ETF Application.
UAE emirate launches new free zone for digital assets, Web3 and AI.
Bitcoin price could rise to $56,000 if BlackRock ETF approved: Matrixport.
Morgan Stanley Says โCrypto Winter May Be in the Pastโ.
JPMorgan Expects SEC Approval of Multiple Spot Bitcoin ETFโs Within Months.
Crypto exchange Binance restores euro services after finding new fiat partners.
๐โNegative Newsโ๐:
Sen. Elizabeth Warren joins more than 100 lawmakers to ask Biden about plans to prevent crypto-financed terrorism.
Bitcoin ETF Approval Would Have Limited Impact To Coinbase's P&L: Barclay's Analyst
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Bitcoin Analyze ( BTCUSDT ), 4-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.
๐โโ๏ธBitcoin is moving near the ๐ดResistance zone($30,450-$29,500)๐ด and Important Resistance line.
๐According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing microwave A from the main wave B by means of Expanding Leading Diagonal.
๐If we want to look at Bitcoin from the point of view of classical technical analysis, the Expanding Leading Diagonal is actually the Ascending Broadening Wedge.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐I expect Bitcoin to start falling again and at least to the๐ขSupport zone($26,880-$26,500)๐ข and the ๐ตCME Gap($26,400-$26,290)๐ต is likely to be filled in this fall.
โ๏ธNoteโ๏ธ: If Bitcoin goes over $31,000,this analysis will โFailโ.
--------------------------------------------------------------------------------
๐โPositive Newsโ๐:
Novogratz thinks bitcoin ETFs will be approved this year.
Euro CBDC Advances Into โPreparation Phaseโ: European Central Bank.
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin.
Fidelity Submits Updated Spot Bitcoin ETF Application.
UAE emirate launches new free zone for digital assets, Web3 and AI.
Bitcoin price could rise to $56,000 if BlackRock ETF approved: Matrixport.
Morgan Stanley Says โCrypto Winter May Be in the Pastโ.
JPMorgan Expects SEC Approval of Multiple Spot Bitcoin ETFโs Within Months.
Crypto exchange Binance restores euro services after finding new fiat partners.
๐โNegative Newsโ๐:
Sen. Elizabeth Warren joins more than 100 lawmakers to ask Biden about plans to prevent crypto-financed terrorism.
Bitcoin ETF Approval Would Have Limited Impact To Coinbase's P&L: Barclay's Analyst
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 4-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:
Over $31,000 == Invalid
๊ฑฐ๋์ฒญ์ฐ: ์คํ ๋ฟ์
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365