👋Hi everyone.
🙏 First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an 📚Educational aspect📚.
🏃♂️Bitcoin is moving in the 🟢Support zone($26,880-$26,500)🟢 near the 🟣Yearly Pivot Point($26,737)🟣, Support lines and 🔵50_SMA(Daily)🔵.
🌊According to the theory of Elliott waves, Bitcoin seems to be completing its 5th wave with the help of the Expanding Ending Diagonal.
💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys.
🔔I expect Bitcoin to move towards the Resistance line and 🔴Resistance zone($27,600-$27,300)🔴 after breaking the upper line of the Expanding Ending Diagonal.
❗️Note❗️: Below the 🟢Support zone($26,880-$26,500)🟢 , Bitcoin has a 🔵CME Gap($26,400-$26,290)🔵, which I don't think Bitcoin will fill this gap in this attack, but if this zone is filled, the scenario will change.
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🌐➕Positive News➕🌐:
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx.
Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain.
Bitcoin Lightning Network growth jumps 1,200% in 2 years.
Billionaire Paul Tudor Jones Still Likes Bitcoin Despite Price Drop.
Tether Continues To Flow Into Exchanges.
JPMorgan debuts tokenization platform, BlackRock among key clients: Report.
Crypto HODLers Stash Bitcoin Worth 1.35B Each Month, Onchain Data Show.
ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms.
🌐➖Negative News➖🌐:
Crypto exchange Bitstamp to end Canadian services in January
Jim Cramer thinks 'Mr. Bitcoin is about to go down big'
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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