Bitcoin Is Ready to Fall⏰(1-hour time frame)⏰
🏃♂️Bitcoin is moving near the Resistance line, 50_SMA(Daily), and slightly above the 🔴Resistance zone($66,050-$64,520)🔴.
🌊According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing the Double Three Correction(WXY).
📈From the point of view of Classical Technical Analysis, it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Bitcoin to start falling after breaking the Support lines(weak), at least until one of the Fibonacci lines.
💡To have a better view of Bitcoin, I suggest you look at the post below (4-hour time frame).👇
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
🌊According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing the Double Three Correction(WXY).
📈From the point of view of Classical Technical Analysis, it seems that Bitcoin has managed to form a Symmetrical Triangle and Rising Wedge Patterns so that the lower line of the Rising Wedge Pattern is currently broken.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect Bitcoin to start falling after breaking the Support lines(weak), at least until one of the Fibonacci lines.
💡To have a better view of Bitcoin, I suggest you look at the post below (4-hour time frame).👇
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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.
Trade active
Trade closed: target reached:
First Target Done
Comment:
I expect BTC will Go down again.
Trade closed: target reached:
Second Target Done
