Bitcoin Analysis==>> Attack to Downtrend line==>>Short-term

Aug 19

Bitcoin is moving in the Support zone($58,500-$57,000) near the Downtrend line.

According to the Elliott wave theory, Bitcoin seems to have completed its 5-wave downtrend in the 15-minute time frame.

Also, we can see Regular Divergence(RD+) between Consecutive Valleys.

I expect Bitcoin to rise again to at least $59,200.

Note: If Bitcoin goes below $57,000, we should wait for Bitcoin to fall to $55,000 (at least).

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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Aug 19

Trade active

BTC was able to break the Downtrend line

Aug 20

Trade closed: target reached

First Target Done

Aug 20

Trade closed: target reached

Second Target Done