Bitcoin is still moving in the ๐ดresistance zone ($ 32,400-$ 28,120)๐ด also, several times, Bitcoin is attacking the Important Resistance line.
If you want to understand the importance of the important resistance line, look at the following post.๐
In addition, the Fibonacci cluster near the number of $ 30,000 is very compact.
Also, the growth of Bitcoin happens with the Regular Divergence(RD-) between the price and the RSI Indicator, and it is expected that the RSI will reach 70% in the daily time frame and fall again.๐
So, I expect Bitcoin to close to $ 30,000, which is also a round number, after a small correction and then move toward the resistance line. In general, I don't expect to break the heavy support zone with just one test on the daily time frame; at least a major pivot should be created on the heavy resistance zone, so Bitcoin needs to correct and attack the heavy resistance zone again.
We have to wait until Bitcoin fills the ๐ตCME GAP($ 28,720-$ 28,265)๐ต.๐ค
Bitcoin Analyze ( BTCUSDT ), 4-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.
If you want to understand the importance of the important resistance line, look at the following post.๐
In addition, the Fibonacci cluster near the number of $ 30,000 is very compact.
Also, the growth of Bitcoin happens with the Regular Divergence(RD-) between the price and the RSI Indicator, and it is expected that the RSI will reach 70% in the daily time frame and fall again.๐
So, I expect Bitcoin to close to $ 30,000, which is also a round number, after a small correction and then move toward the resistance line. In general, I don't expect to break the heavy support zone with just one test on the daily time frame; at least a major pivot should be created on the heavy resistance zone, so Bitcoin needs to correct and attack the heavy resistance zone again.
We have to wait until Bitcoin fills the ๐ตCME GAP($ 28,720-$ 28,265)๐ต.๐ค
Bitcoin Analyze ( BTCUSDT ), 4-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.
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๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me
Bitcoinโก๏ธLow volume๐ โ Heavy resistance zone๐ด โ Wave count๐