✈️Bitcoin is Ready to Pump✈️
Updated
🏃♂️Bitcoin is moving in the 🔴Resistance zone($63,440-$62,690)🔴
🌊According to the theory of Elliott waves, Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves).
📈In terms of Classic Technical Analysis, Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern.
💡Looking at the chart of Market Cap USDT Dominance% (USDT.D%), we can see that USDT.D% managed to break the Support line and expect a drop to the 🟢Support zone(4.72%-4.53%)🟢 as I expected in the "USDT.D% will ⚔️Attack⚔️ to Support zone again" post.👇
🔔I expect Bitcoin to rise to at least the 🔴Resistance zone($65,700-$64,200)🔴 and the 50_SMA(Daily).
❗️⚠️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.
🌊According to the theory of Elliott waves, Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves).
📈In terms of Classic Technical Analysis, Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern.
💡Looking at the chart of Market Cap USDT Dominance% (USDT.D%), we can see that USDT.D% managed to break the Support line and expect a drop to the 🟢Support zone(4.72%-4.53%)🟢 as I expected in the "USDT.D% will ⚔️Attack⚔️ to Support zone again" post.👇
🔔I expect Bitcoin to rise to at least the 🔴Resistance zone($65,700-$64,200)🔴 and the 50_SMA(Daily).
❗️⚠️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
Trade closed: stop reached
The scenario was changed.Comment
At least the Descending Broadening Wedge Pattern worked with a little modification, I hope you benefited.
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