Bitcoin / TetherUSืฉืืจื
Bitcoin is getting Ready to Break the ๐ขSupport Zone๐ข(15Min)
ืืขืืืื
๐กAfter coming below the Resistance Line, Bitcoin violated the scenario of re-attacking the ๐ดResistance Zone($26,980-$26,350)๐ด.
๐Bitcoin has formed a Descending Channel in the last few hours.
๐In 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.
๐Bitcoin is currently completing wave 4.
๐Most likely, wave 4 will be completed in ๐กPrice Reversal Zone(PRZ)๐ก.
๐I expect wave 5 to be completed below the ๐ขsupport zone($25,870-$25,720)๐ข.
๐Educational Tip: When wave is extended, wave 1 and wave 5 tend toward size equality (100%) or 61.8% relation.
๐Educational 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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๐โPositive Newsโ๐:
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.
๐โNegative Newsโ๐:
Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts.
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Bitcoin Analyze ( BTCUSDT ), 15-minute 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 be glad to 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.
๐Bitcoin has formed a Descending Channel in the last few hours.
๐In 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.
๐Bitcoin is currently completing wave 4.
๐Most likely, wave 4 will be completed in ๐กPrice Reversal Zone(PRZ)๐ก.
๐I expect wave 5 to be completed below the ๐ขsupport zone($25,870-$25,720)๐ข.
๐Educational Tip: When wave is extended, wave 1 and wave 5 tend toward size equality (100%) or 61.8% relation.
๐Educational 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).
--------------------------------------------------------------------------------
๐โPositive Newsโ๐:
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.
๐โNegative Newsโ๐:
Bitcoin (BTC) Will Crash Like the Stock Market in 1930, Bloomberg Analyst Predicts.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 be glad to 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.
ืขืกืงื ืคืขืืื
ืืขืจื
๐กPrice Reversal Zone(PRZ)๐ก worked wellืืขืจื
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?!
ืืขืจื
Fed Chair Powell Speaks less than 30 min later.ืืขืจื
Transfer Stop Loss(SL) to Entry Point(EP) = Risk Freeืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
ืืขืจื
Bitcoin has exited the descending channelGenarally, Saturday and Sunday are low volume trading.
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๐Contact & Learning Technical Analysis ๐t.me/Ad_ProTrader365
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