๐กBitcoin is trying to break the ๐ดResistance zone($35,280_$34,830)๐ด for the umpteenth time, but it seems that it has not succeeded (We will witness the second ๐ฎBull Trap๐ฎ, most likely).
๐According to the theory of Elliott waves, Bitcoin is currently in Corrective waves, and the main wave 3 is also Extended.
๐Bitcoin seems to be trying to complete the Corrective Waves that have formed between the two support and resistance zones in the last two weeks.
๐The structure of correction waves is of Double Three Correction(WXY) type (it should be noted that all microwaves have been carefully calculated.)
๐กAlso, we can see Regular Divergence(RD_) between two Consecutive Peaks(Two Pull Traps).
๐กIn addition, we can see the Sell Signal between SMA(100) and EMA(100).
๐I expect Bitcoin to go down to at least the first ๐ตCME Gap๐ต after breaking the Support line(1).
โ๏ธโ ๏ธNote(1)โ ๏ธโ๏ธ: In general, I tried to show you a Road map of Bitcoin for the next few weeks, but news and other factors can affect the amount of rise and fall of the waves.
โ๏ธโ ๏ธNote(2)โ ๏ธโ๏ธ: If Bitcoin can go above $36,000, the wave count scenario will change.
โ๏ธโ ๏ธNote(3)โ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐According to the theory of Elliott waves, Bitcoin is currently in Corrective waves, and the main wave 3 is also Extended.
๐Bitcoin seems to be trying to complete the Corrective Waves that have formed between the two support and resistance zones in the last two weeks.
๐The structure of correction waves is of Double Three Correction(WXY) type (it should be noted that all microwaves have been carefully calculated.)
๐กAlso, we can see Regular Divergence(RD_) between two Consecutive Peaks(Two Pull Traps).
๐กIn addition, we can see the Sell Signal between SMA(100) and EMA(100).
๐I expect Bitcoin to go down to at least the first ๐ตCME Gap๐ต after breaking the Support line(1).
โ๏ธโ ๏ธNote(1)โ ๏ธโ๏ธ: In general, I tried to show you a Road map of Bitcoin for the next few weeks, but news and other factors can affect the amount of rise and fall of the waves.
โ๏ธโ ๏ธNote(2)โ ๏ธโ๏ธ: If Bitcoin can go above $36,000, the wave count scenario will change.
โ๏ธโ ๏ธNote(3)โ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365
๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365
The United States Securities and Exchange Commission (SEC) has set an 8-day window from today to November 17 to review 12 Bitcoin spot ETFs