🚧Bitcoin Needs Correction🚧
✅Bitcoin moved as I expected in the previous post.
💡Currently, Bitcoin has reacted well to the 🔴Resistance zone($65,650-$64,200)🔴.
🌊According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
🔔I expect Bitcoin to fall after breaking the Uptrend line, at least to the first 🎯Target🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($65,650-$64,200)🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡Currently, Bitcoin has reacted well to the 🔴Resistance zone($65,650-$64,200)🔴.
🌊According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
🔔I expect Bitcoin to fall after breaking the Uptrend line, at least to the first 🎯Target🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($65,650-$64,200)🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 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
The probability of forming a Head and Shoulders Pattern pattern has increased.If Bitcoin goes above $64,780, the Head and Shoulders Pattern will not be formed, but the analysis is still valid until Bitcoin breaks the 🔴Resistance zone($65,650-$64,200)🔴.
Note
BTC is Running well as I expected, my targets: $62,700//$62,000.
⚠️BTC can go down even more.⚠️
Trade closed: target reached
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Disclaimer
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.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
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.