๐โโ๏ธBitcoin is moving near the ๐ดResistance zone($44,800-$44,160)๐ด and Inside the Ascending Channel.
๐According toElliot's wave theory, wave 3 ended near 50_SMA(Daily), and now we have to wait for the confirmation of the end of wave 4.
๐It seems that the structure of wave 4 is the Double Three Correction(WXY).
๐With a lower line of ascending channel broken, we can confirm the end of wave 4.
๐After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the ๐ขSupport zone($40,900-$40,200)๐ข and complete wave 5 (wave 5 can even be truncated).
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can break the ๐ดResistance zone($44,800-$44,160)๐ด, the scenario will change
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
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 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 toElliot's wave theory, wave 3 ended near 50_SMA(Daily), and now we have to wait for the confirmation of the end of wave 4.
๐It seems that the structure of wave 4 is the Double Three Correction(WXY).
๐With a lower line of ascending channel broken, we can confirm the end of wave 4.
๐After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the ๐ขSupport zone($40,900-$40,200)๐ข and complete wave 5 (wave 5 can even be truncated).
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can break the ๐ดResistance zone($44,800-$44,160)๐ด, the scenario will change
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
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 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.
ืขืกืงื ืคืขืืื
ืืขืจื:
BTC was able to break the ascending channel.
ืืขืจื:
Considering that the Trading Volume on Saturdays and Sundays is generally low, we should wait the next week for a new movement (most likely).
ืขืกืงื ืกืืืจื: ืืืืข ืืกืืืค:
The position RR=3.00 las was touched, but you could have made other profits from this position.
Reason: The news about the ETF increases the market's excitement.
Reason: The news about the ETF increases the market's excitement.
๐Real & Accurcy Free & VIP Signals๐ t.me/ProTrader_365
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 above news may cause the market to become excited, so be sure to place a Stop Loss.