โ
Bitcoin moved as I expected in the previous post.
๐กCurrently, Bitcoin has reacted well to the ๐ดResistance zone($65,650-$64,200)๐ด.
๐According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
๐I expect Bitcoin to fall after breaking the Uptrend line, at least to the first ๐ฏTarget๐ฏ I specified on the chart.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can break the ๐ดResistance zone($65,650-$64,200)๐ด, the scenario will be changed.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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.
๐กCurrently, Bitcoin has reacted well to the ๐ดResistance zone($65,650-$64,200)๐ด.
๐According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
๐I expect Bitcoin to fall after breaking the Uptrend line, at least to the first ๐ฏTarget๐ฏ I specified on the chart.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can break the ๐ดResistance zone($65,650-$64,200)๐ด, the scenario will be changed.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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.
ืขืกืงื ืคืขืืื
ืืขืจื:
BTC is Running well as I expected, my targets: $62,700//$62,000.
โ ๏ธBTC can go down even more.โ ๏ธ
BTC is Running well as I expected, my targets: $62,700//$62,000.
โ ๏ธBTC can go down even more.โ ๏ธ
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
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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
If Bitcoin goes above $64,780, the Head and Shoulders Pattern will not be formed, but the analysis is still valid until Bitcoin breaks the ๐ดResistance zone($65,650-$64,200)๐ด.