Bitcoin Analysis==>>Last ChanceBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law . However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇
Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin seems to be completing the Triple Double Correction(WXYXZ) .
I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern .
Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?
Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.
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.
Bitcoinanalysis
Bitcoin Analysis==>>Short-termBitcoin 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis==>>Death Cross!?The fall of Bitcoin in the last 3-4 days has shocked everyone, first, let's take a look at the reasons for this fall :
The publication of the US employment report and the increase in the unemployment rate to the highest level in the last 3 years .
Tensions in the Middle East , the possibility of a confrontation between Iran and Israel in the coming days.
Rumors of selling Jump Trading's assets .
The Nikkei index of the Japanese stock market today fell 3,595.30 units , equivalent to -10.01% , to experience the heaviest daily decline in its history since October 1987 .
The Cryptocurrency Fear and Greed Index hit its lowest level since early July , indicating panic in the market. However, I think the Fear and Greed index will enter the Extreme Fear zone in the coming days.
----------------------------------------------------------------------------------
Now, let's take a look at the Bitcoin chart on the daily time frame .
Bitcoin managed to break the Support zone($60,800-$56,700) which is shown on the chart with the Resistance zone. Also, Bitcoin has broken 200_SMA(Daily) , 100_SMA(Daily) , 200_SMA(Daily) and 21_SMA(Weekly) , which is NOT a good sign for BTC.
Most likely, the Death Cross Sell signal by Bitcoin will happen.
Death Cross Signal : The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
From the point of view of Classic Technical Analysis , it seems that according to the momentum of Bitcoin's fall in the last 3-4 days, the continuing Descending Broadening Wedge pattern will fail, which could be a sign of the further fall of Bitcoin .
Looking at the USDT.D% chart , we can see that USDT.D% will probably increase again after a correction and attack the Resistance lines .👇
According to the explanation above, I expect Bitcoin to attack the Heavy Support zone($49,000-$38,500) again after the correction , probably near $59,000-$60,000. If the Support line is broken, we should expect Bitcoin to fall to $42,000-$43,000 .
Note: If Bitcoin can stabilize above the resistance zone, we can expect Bitcoin to rise again, but due to possible tensions that will happen in the Middle East in the coming days, this scenario is less likely to happen.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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.
🗺️Bitcoin Roadmap🗺️🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement .
🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending channel has played the role of resistance and support well.
🏃♂️Bitcoin is moving near the ascending channel's midline , the pitchfork line , the Resistance lines , and the 🟡 Potential Reversal Zone(PRZ)($82,800-$73,200) 🟡➡️ So it shows that Bitcoin is facing an Important Resistance(Supply zone).
⚖️If we look at the chart, it looks like we can expect similar moves before the 2020 Halving . Move 1 is similar to move 3 , and moves 2 and 4 are similar, so if we want to expect similar moves, Bitcoin should start correcting . And until the 38.2% and 50% Fibonacci corrections (we should NOT consider the decrease of Bitcoin in Covid ). I have drawn the possible move for you in the chart below.👇
🌊According to the theory of Elliott waves , Bitcoin can follow two scenarios, and it depends on future events and news . The scenario is as follows:
🚀 Bullish scenario ( more likely due to Halving, ETF, etc ): Bitcoin has completed the main wave 3 at $73,777, and we should wait for the start of the main wave 4 and then increase towards $87,000-$99,000-$112,000 .
🚨 Bearish Scenario : Bitcoin has finished the main wave C at $73,777 (or a little higher), and in case of breaking the 🟢 Heavy Support zone($50,000-$38,500) 🟢, we should wait for Bitcoin to fall (the fall can continue up to 😱 $18,000 😱). Of course, according to the current market conditions, this scenario is somewhat unlikely, but it is still possible, if Bitcoin goes above $77,000 , this scenario will be removed in general .
💡If we look at the RSI indicator in the weekly time frame , we can see that it seems that the RSI has succeeded in forming a Rising Wedge pattern , which can correct the upcoming correction of Bitcoin.
💡In the 1-hour time frame , Bitcoin has formed an Ascending Broadening Wedge pattern , which can be a sign to start the correction of Bitcoin .
🔔According to the above explanation , we can conclude that Bitcoin correction can start soon ; Bitcoin can have a correction to 🟢 Heavy Support zone($50,000-$38,500) 🟢 and then we have to wait for the next movement of Bitcoin( Re-pumping is more likely ).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Weekly 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.
Bitcoin can Go Up Temporary!!!==>>Short termBitcoin and other tokens faced a sharp drop in price following unfavorable US economic reports and the possibility of tension between Iran and Israel .
Bitcoin fell below $60,000 for the first time in recent weeks. The publication of the US employment report and the increase in the unemployment rate to the highest level in the last 3 years have been the main factors of this fall in previous days. The withdrawal of capital from Bitcoin ETFs and failure to maintain key support zones also fueled this downward trend, and strong selling pressure in the market also provided the conditions for further price reduction.
First of all, I must say that this analysis is short-term , and Bitcoin's trend can continue to be bearish if it does not stabilize above the 21_SMA(Weekly) .
Bitcoin is currently moving in a Heavy Support zone($61,760-$58,400) .
According to the theory of Elliott waves , it seems that a 5th downward wave has been completed and we should wait for corrective waves .
Also, we can see Regular Divergence(RD+) between Consecutive Valleys .
I expect Bitcoin to rise to at least $61,900 .
Note: Because the tension in the Middle East is increasing, especially after 20:30 UTC, try to keep an eye on long positions and make sure not to forget capital management and Stop Loss(SL).
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis==>>Fifth Attack to Resistance linesBitcoin is currently moving near important Resistance lines and a Potential Reversal Zone(PRZ) . This is the fifth time that Bitcoin has attacked important Resistance lines .
I expect Bitcoin NOT to break the Resistance lines for the first time in the 5th attack .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
Also, I expect that Bitcoin will at least fill the first CME Gap($68,700-$68,270) , and if the Uptrend line breaks, we can expect Bitcoin to go down to the Support line and possibly fill the second CME Gap($66,350-$65,835) as well.
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.
Market Turmoil: Dow Jones Plummets and Bitcoin Retests Key LevelAlright, everyone, it's been a rough day for the US Stock Market. The Dow Jones plummeted following the job report released this morning. In response, I'm anticipating Bitcoin to retest the Fibonacci .618 level and consolidate around $61,000 for a few days. Let's check back in a couple of days to see how things unfold.
Bitcoin - When will we see the breakout?BITSTAMP:BTCUSD is preparing its most bullish breakout of the entire trading history!
After a couple years of trading experiences, you will simply stop paying attention to your emotions. Looking at the chart of Bitcoin objectively, you can see that everything is still incredibly bullish. Despite the hesitancy at the previous all time high, Bitcoin is also not rejecting it towards the downside. Eventually, we will just see a monstrous bullish breakout.
Levels to watch: $70.000
Keep your long term vision,
Philip - BasicTrading
Bitcoin is Ready to Attack the Resistance Zone ==>>Short termBitcoin ended up filling both CME Gaps as I expected.
Bitcoin is currently moving near the Support zone($65,500-$64,600) and seems to have succeeded in forming a Falling Wedge Pattern .
I expect Bitcoin to attack the Resistance zone($67,540-$66,740) at least once and if this zone is broken, we should expect Bitcoin to reach $68,000 .
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Market overviewBitcoin (BTC): $69,539.18 (+3.16%)
Bitcoin Dominance: 56.58%
Fear and Greed Index: 74 (greed)
WHAT HAPPENED?
Last week, we had a natural correction in bitcoin, but by the end of the week we had completely regained the drop.
Over the weekend, Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville. He made many positive statements for bitcoin, but this event didn't affect the price increase, and only increased volatility.
At the moment, we're in the sell area, from which we received a reaction earlier.
WHAT WILL HAPPEN: OR NOT?
Now there is weakness in the delta, so we should expect a repeat correction from current prices or from the zone above.
After the increased volatility over the weekend, new volume zones were formed. The first one is interesting for joining long movements.
Buy zones: $68,000-$66,800 (volume anomalies), $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Sell zones: $70,500-$71,400 (accumulated volume).
Globally, we're still waiting for the ATH test.
IMPORTANT DATES
The following macroeconomic events are expected this week:
• July 30, Tuesday, 8:00 (UTC) — German GDP for the second quarter of 2024;
• July 30, Tuesday, 12:00 (UTC) — German consumer price index for July;
• July 30, Tuesday, 14:00 (UTC) — consumer confidence index for July and the number of open vacancies in the JOLTS labor market in the United States in June;
• July 31,Wednesday, 9:00 (UTC) — Eurozone consumer price index for July;
• July 31, Wednesday, 12:15 (UTC) — change in the number of people employed in the non-agricultural sector in the United States in July;
• July 31, Wednesday, 18:00 (UTC) — US Federal Reserve interest rate decision;
• July 31, Wednesday, 18:30 (UTC) — Fed press conference.
*This post is not a financial recommendation. Make decisions based on your own experience.
From Monthly to Daily: Bitcoin’s Bullish Surge Above $100KI'm not a "to the Mooner", and when I thought Bitcoin was going down, I said so, even though I knew I'd get some negative comments.
I'm not a perma-bear either...
In fact, at the beginning of this month, I mentioned that the break under 60k is most probably a false break.
I try to stay as objective as possible, trading based on what I see rather than my biases, and right now everything I'm seeing looks extremely bullish
I'll break down my analysis from monthly to daily because I believe all signs point to Bitcoin reaching 100k or more by the end of the year.
Monthly Chart Analysis:
Starting with the monthly chart, although I'm not an Elliott Wave (EW) expert, it's quite clear that from the 15,500 bottom, we have an impulsive EW structure.
The first wave reached 31.5K, followed by a correction in the second wave down to 25K. Wave three then surged to 74K, and now we're experiencing the complex correction that typically characterizes wave four.
Going further with basic Elliott Wave (EW) theory, Wave 1 shows an approximate 100% increase from 15,500 to 31,500.
Wave 3 then surged from 25,000 to 74,000, an approximate 200% increase.
After a correction in Wave 4 down to 54,000, we can now project Wave 5 using these percentage movements.
Using the percentage increase of Wave 1 (100%) and applying it to the bottom of Wave 4 (54,000):
- A 1.0x extension of Wave 1’s percentage increase suggests Wave 5 could rise by approximately 54k (54,000 * 1.0), reaching a target above 100k.
- A more bullish scenario, using a 1.618 extension of Wave 1’s percentage increase, suggests Wave 5 could rise by approximately 90,000 (54,000 * 1.6), reaching a target of 144,000.
Therefore, considering these percentage movements and the high volatility of Bitcoin, the potential target for Wave 5 could be between 100k and 150k, depending on market conditions and the exact nature of Wave 5.
Weekly Chart Analysis:
Refining to the weekly chart, we observe a notable upward movement from 25 to 74, followed by a correction that forms a bullish flag pattern.
The bottom of this flag pattern aligns around the 38% Fibonacci retracement level, which is typical for flag formations.
Additionally, from a price action perspective, the last three weeks exhibit strong bullish tendencies, with the current week presenting a bullish continuation Pin Bar.
Applying the measured target for the flag pattern projects a value above 100k.
If we were to apply a percentage-based target similar to the wave analysis, it would suggest 150k, but it's prudent to hold off on that projection for now (though this would approximately equate to a 1.6 extension from the monthly wave analysis).
Daily Chart Analysis:
Zooming in further to the daily chart, we clearly see a false break followed by a reversal back above 60k.
The recent correction dropped to a horizontal support level, concluding with a Pin Bar. Adding to this, yesterday's bullish candle completes a strongly bullish Morning Star pattern, indicating a likely imminent break of the resistance level.
Overall Perspective and Conclusion:
Looking at Bitcoin's behavior from monthly down to daily charts, the outlook remains very positive.
The long-term wave analysis suggests significant growth potential. On the weekly chart, the bullish flag pattern points to further gains, and the daily chart's reversal patterns reinforce this bullish sentiment.
In summary, Bitcoin is showing strong signs of upward movement across all time frames. While conservative targets point to around 100k, the possibility of reaching 150k isn't off the table if the bullish trends continue.
As always, it's wise to watch for key resistance breaks to confirm these bullish projections.
Best of luck!
Mihai Iacob
Bitcoin will Fill the CME Gap!!!Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Bitcoin to go down at least up to the Support line and the CME Gap($66,350-$65,835) .
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Annual Bitcoin Conference 2024==>>ExpectationsBitcoin moved as I expected in previous posts . The question here is whether the upward trend of Bitcoin continues or not!?
I apologize for the that the chart is a bit busy. I think all was needed😊.
🌐 Breaking News : As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets. 🌐
Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel .
According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 in the resistance zone , and now we have to wait for corrective waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
In addition, if we look at the USDT.D% chart , we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone , which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market.
As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024 , and if Bitcoin breaks the Support lines , the Support zone($64,000-$62,280) , 100_SMA(Daily) and 21_SMA(Weekly) , we can wait for the CME Gap($60,845-$57,895) to be filled.
-------------------------------------------------------------
Now, let's get some information about the Annual Bitcoin Conference .
The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community.
My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017.
-------------------------------------------------------------
The year 2017:
Date: May 22-24
The main market trend: Bullish
Bitcoin changes during the conference(%): +7.66%
-------------------------------------------------------------
The year 2018:
Date: May 14-16
The main market trend: Bearish
Bitcoin changes during the conference(%): -4.27%
-------------------------------------------------------------
The year 2019:
Date: May 13-15
The main market trend: Bullish
Bitcoin changes during the conference(%): +11.87%
-------------------------------------------------------------
The year 2020:Covid
-------------------------------------------------------------
The year 2021:
Date: June 4-5
The main market trend: Bearish
Bitcoin changes during the conference(%): -5.6%
-------------------------------------------------------------
The year 2022:
Date: April 6-9
The main market trend: Bearish
Bitcoin changes during the conference(%): -6.89%
-------------------------------------------------------------
The year 2023:
Date: May 18-19
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): +2.00 %
-------------------------------------------------------------
The year 2024:
Date: July 25-27
The main market trend: Bullish(in correction)
Bitcoin changes during the conference(%): ❗️❓ %
What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise?
-------------------------------------------------------------
It can be concluded that when the general trend of the market is bullish , Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024.
But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction.
-------------------------------------------------------------
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Which way will Bitcoin Go?Either way, I expect Bitcoin to still recover in the long term. In the short, it may seem bearish but people are failing to zoom out. Study the monthly, weekly, and daily and you will see that the top hasn't formed yet and this bull run might be the most massive so far. I know it sounds farfetched but with Wall Street money and mass adoption pre-government. This could be crypto's last hoorah.
Bitcoin Analysis==>>Bat PatternBitcoin is currently moving in an Important Resistance zone($68,000-$66,170) , which it has tried to break several times.
It also seems that Bitcoin has succeeded in forming a 🦇 Bearish Bat Harmonic Pattern 🦇.
I expect Bitcoin to drop to at least the Lower line of the Ascending Channel .
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin will go up again==>>Short termBitcoin made the corrections I had expected in previous posts .
Bitcoin is moving near the Heavy Support zone($63,410-$62,280) and Support lines .
I expect Bitcoin to rise by touching the Support lines and Support zone($63,520-$63,240) .
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Bitcoin is Ready to Attack to Heavy Resistance zoneBitcoin moved as I expected in yesterday's post and managed to break the descending channel and Resistance zone($65,500-$64,850) .
According to Elliott's wave theory, Bitcoin is completing the main wave 5 .
I expect Bitcoin to start rising again after the minor correction and attack the Heavy Resistance zone($67,930-$66,160) .
Do you think Bitcoin will break the Heavy Resistance zone($67,930-$66,160)❗️❓
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts .
Bitcoin is currently moving in the Support zone($63,410-$62,280) .
According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days.
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end .
I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) .
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Heading Lower Toward Bitcoin Rally Zone The DXY is in a downtrending channel and despite today's small bounce based on MFG data, it's still looking like it will lose this key level in the coming days.
This brief cool-off period before the 23rd when the ETH ETF is schedule to start trading would make sense and with BTC retracing from the strong sell order blocks at $66k which I've been talking about for over a week.
The big question will be -- If BTC can break above the 5th attempt at the upper trendline resistance and close back above $72k and then a new new ATH over $74k.
THEN I'll be convinced we do head hither.
Until then, I recommend cautious optimism, taking profits along the way and being ready to get out of this market. The cycle low should be later in August, but we'll see.
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines .
I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line .
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Need Correction!!!==>>15-min time frameBitcoin started to rise after the German government finished selling Bitcoin , and what happened to Trump .
Bitcoin is currently in the Resistance zone($64,420-$62,700) and near the 21_SMA(Weekly) .
According to the theory of Elliot waves , it seems that five waves have been completed and we should wait for corrective waves .
I expect Bitcoin to fall to at least $61,780 .
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.