๐จBitcoin is Ready to Fall Again๐จ
๐Hi, I hope you had a great weekend.
โ As I expected, Bitcoin started to rally from ๐ขHeavy Support zone($39,000-$37,000)๐ข.
๐โโ๏ธBitcoin is moving in the ๐ดResistance Zone($44,700-$41,780)๐ด.
๐Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.
๐According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.
๐The end of wave 5 can continue to a maximum of around $44,800.
๐I expect that Bitcoin will FALL at least to the ๐ขSupport zone($40,600-$40,280)๐ข after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the ๐ตCME Gap($39,700-$39,850)๐ต.
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.
โ As I expected, Bitcoin started to rally from ๐ขHeavy Support zone($39,000-$37,000)๐ข.
๐โโ๏ธBitcoin is moving in the ๐ดResistance Zone($44,700-$41,780)๐ด.
๐Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.
๐According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.
๐The end of wave 5 can continue to a maximum of around $44,800.
๐I expect that Bitcoin will FALL at least to the ๐ขSupport zone($40,600-$40,280)๐ข after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the ๐ตCME Gap($39,700-$39,850)๐ต.
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
The upper line of the wedge pattern seems to be playing its role well; Bitcoin is possibly falling.ืืขืจื
If Bitcoin touches $42,820, further declines can happen.ืืขืจื
There is a possibility that the market will be a bit excited today due to the announcement of the Federal Funds Rate.Now, we have to wait for the support line to break.
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
The โ
first targetโ
was hit.ืืขืจื
Bitcoin is likely to move between $44,000-$41,500 in the next three days.ืืขืจื
I expect Bitcoin to attack the ๐ขSupport zone($42,250-$41,500)๐ข again, although I expected the same in the initial analysis.The main movement of Bitcoin will probably start at the beginning of the new week.
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๐Get a 20% Discount on your trading FEE on BYBIT:๐partner.bybit.com/b/PEJMANZWIN
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