Bitcoin broke the Range Zone (What is the next Movement)❗️❓
Updated
Hi everyone👋.
Bitcoin was moving in the Range zone for about a month and formed a Rectangle pattern. But yesterday, Bitcoin managed to break the lower line of the rectangle pattern, as I expected in previous posts✅.
In terms of the structure of Elliott waves, Bitcoin is in the phase of corrective waves, and it seems that Bitcoin is pulling back to the 🟢support zone($29,850-$29,480)🟢 broken by wave 4.
After the completion of wave 4 I expect Bitcoin to fall to the next 🟢support zone($28,450-$28,080)🟢.
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🌐➕Positive News➕🌐:
Binance Expected to Launch Crypto Services in Japan by August
Former CFTC chairman says stablecoins can be a bridge between two worlds.
🌐➖Negative News➖🌐:
Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action.
Congressman Warren Davidson calls to ban and criminalize CBDCs.
US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms.
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Bitcoin Analyze ( BTCUSDT), 4-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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin was moving in the Range zone for about a month and formed a Rectangle pattern. But yesterday, Bitcoin managed to break the lower line of the rectangle pattern, as I expected in previous posts✅.
In terms of the structure of Elliott waves, Bitcoin is in the phase of corrective waves, and it seems that Bitcoin is pulling back to the 🟢support zone($29,850-$29,480)🟢 broken by wave 4.
After the completion of wave 4 I expect Bitcoin to fall to the next 🟢support zone($28,450-$28,080)🟢.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Binance Expected to Launch Crypto Services in Japan by August
Former CFTC chairman says stablecoins can be a bridge between two worlds.
🌐➖Negative News➖🌐:
Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action.
Congressman Warren Davidson calls to ban and criminalize CBDCs.
US Government Sells Another 8,200 Bitcoin, On-Chain Data Confirms.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT), 4-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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Trade closed: target reached
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