๐ถโโ๏ธBitcoin has been moving in an Ascending Channel for several hours.
๐According to Elliott wave theory, Bitcoin seems to be forming a Double Three Correction (WXY).
๐I expect Bitcoin to fall at least to the Target I specified in the chart after Breaking the ascending channel.
โ๏ธNoteโ๏ธ: If Bitcoin breaks the ascending channel, the scenario will probably change
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๐โPositive Newsโ๐:
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
๐โNegative Newsโ๐:
๐ฅMt. Gox repayment date looming.๐ฅ
๐ฅThe Big Day is September 13th: Court May Grant FTX Liquidation Permission - Here are the Cryptocurrencies Under Threat of Liquidation.๐ฅ
Coinex confirmed its platform was hacked.
Coinbase to Face โReality Checkโ as Retail FOMO Is Fading, Mizuho Says.
Asia Remains Strong as Global Crypto Adoption Declines
Binance.US cuts third of staff as CEO Brian Shroder leaves.
US CPI inflation increases to 3.7% in August vs. 3.6% anticipated.
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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).
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