Bitcoin is getting Ready to Break the 🟢Support Zone🟢(15Min)

💡After coming below the Resistance Line, Bitcoin violated the scenario of re-attacking the 🔴Resistance Zone($26,980-$26,350)🔴.

📎Bitcoin has formed a Descending Channel in the last few hours.

🌊In terms of the structure of Elliott waves, Bitcoin is completing its 5 descending waves inside the descending channel so that the 3rd wave was completed in the lower line of the descending channel.

🌊Bitcoin is currently completing wave 4.

🌊Most likely, wave 4 will be completed in 🟡Price Reversal Zone(PRZ)🟡.

🔔I expect wave 5 to be completed below the 🟢support zone($25,870-$25,720)🟢.

📚Educational Tip: When wave is extended, wave 1 and wave 5 tend toward size equality (100%) or 61.8% relation.

📚Educational Tip: Since the structure of wave 2 was simple (Zigzag), we can expect the structure of waves in wave 4 to be Complex or Triangle (time break).
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🌐➕Positive News➕🌐:

Whales and Sharks Accumulated $300 Million in BTC Since the Mid-August Crypto Crash.

Bitcoin (BTC) Should Hit $135,000 After Halving, Says Pantera Capital.

Bitfinex Turkey offers zero-cost deposits via local banking giant.

Ripple Emerges Among Top 100 Companies That Care About Employees.

🌐➖Negative News➖🌐:

Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts.
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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 be glad to see your ideas in this post.

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Trade active

Comment:

🟡Price Reversal Zone(PRZ)🟡 worked well

Comment:

Bitcoin has reached the top of the descending channel.

Let's see if Bitcoin starts to fall from the top of the descending channel or not?!

Comment:

Fed Chair Powell Speaks less than 30 min later.

Comment:

Transfer Stop Loss(SL) to Entry Point(EP) = Risk Free

Trade closed: target reached

Comment:

Bitcoin has exited the descending channel

Genarally, Saturday and Sunday are low volume trading.