Bitcoin Analysis==>> Bearish Flag Pattern

21 באוג׳

Bitcoin pulled back to the broken Support zone($60,520-$60,120), as I expected (in yesterday's post).

According to Elliott's wave theory, Bitcoin seems to have completed the Zigzag correction(ABC/5-3-5).

Regarding Classic Technical Analysis, Bitcoin seems to have formed a Bearish Flag Continuation Pattern.

I expect Bitcoin to fall again after breaking the Ascending Channel's lower line and the Support zone($58,500-$57,000).

Bad News: Since yesterday, 785 million dollars of Bitcoin and 75 million dollars of Bitcoin have been moved by the Mt.Gox exchange, which is a significant volume.

Note: If Bitcoin goes over $60,700, the Scenario will change.

Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

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21 באוג׳

עסקה פעילה

In my opinion, Bitcoin's fall is still possible, although it is less likely due to its high momentum.

We can expect more falls if Bitcoin goes below the Support zone($60,520-$60,120).

If Bitcoin goes above $63,000, we have to wait for Bitcoin to pump up to $65,000.

A short position up to the minimum support zone is reasonable.

22 באוג׳

עסקה סגורה: היעד הושג

First Target Done.

You can be risk-free and wait for the next targets.