Bitcoin Analysis==>>Short-term for BINANCE:BTCUSDT by pejman_zwin

Bitcoin Analysis==>>Short-term

Bitcoin is moving near the Resistance zone($60,800-$56,700) and the Downtrend line.

According to the theory of Elliott Waves, Bitcoin seems to have completed the Double Three Correction(WXY) near the Resistance zone.

From a Classic Technical point of view, Bitcoin seems to have formed a Double Top Pattern.

Also, we can see Regular Divergence(RD-) between Consecutive Peaks.

I expect Bitcoin to drop to at least $52,600.

Bitcoin analysis on the daily time frame👇

Bitcoin Analyze (BTCUSDT), 15-minute 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.

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Trade active

New update.

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Update: Bitcoin will drop to at least $54,300.

Trade closed: target reached

First Target

pejman_zwin

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