๐โโ๏ธBitcoin is moving in the ๐ขSupport zone($25,840_$25,600)๐ข after leaving behind a ๐ปBear Trap๐ป.
๐It is better to know that, in general, Volume Trading is โ๏ธLowโ๏ธ on Saturdays and Sundays.
๐According to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.
๐กOne of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.
๐กAnother sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms.
๐I expect Bitcoin to gradually break out of the Descending Channel and reach the ๐ดResistance zone($27,000-$26,350)๐ด and ๐ฏTarget๐ฏ I have identified on the chart.
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 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.
๐It is better to know that, in general, Volume Trading is โ๏ธLowโ๏ธ on Saturdays and Sundays.
๐According to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.
๐กOne of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.
๐กAnother sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms.
๐I expect Bitcoin to gradually break out of the Descending Channel and reach the ๐ดResistance zone($27,000-$26,350)๐ด and ๐ฏTarget๐ฏ I have identified on the chart.
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 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:
Bitcoin is likely to touch the support line.
ืืขืจื:
Bitcoin is still holding above its support line.
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
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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
Bitcoin's front resistance is the $26,000 round number (23.6% Fibonacci level), the next resistance is the next Fibonacci level at 32.8%.