Bitcoin / TetherUSืฉืืจื
๐กSigns of the end of the Bitcoin Range Market๐ก
ืืขืืืื
Hi everyone๐(Reading time less than 5 minutesโฐ).
Bitcoin has been moving in a Rectangle Pattern for over 25 daysโฐ.
๐Rectangular Pattern: The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle.
๐According to the theory of Elliott waves, the structure of the main wave 5 was Expanding Ending Diagonal, and it is expected that the beginning of corrective waves will be confirmed after the break of the lower line of the rectangle pattern.
๐กBitcoin's entry into the lower area of โโthe rectangle pattern is different this time than before, as it is the first time in the past two or three days that Bitcoin has significantly broken below the 100-SMA and 100-EMA.
๐กAlso, a SELL signal can confirm the end of the five impulse waves of Bitcoin.
๐I tried to chart the possible movements of Bitcoin over the next 2-3 days.
๐I expect Bitcoin to FALL to at least the ๐ขsupport zone($28,450-$28,080)๐ข after breaking the lower line of the rectangle pattern.
---------------------------------------------------------------------------------------------------------
๐โPositive Newsโ๐:
Rich Dad Poor Dad Author Says Heโs Sticking With Bitcoin (BTC) Amid โSadโ State of America.
A recent Glassnode report shows that the number of addresses with at least one Bitcoin(BTC) has reached an all-time high
SEC accepts BlackRockโs Bitcoin ETF application for review
๐โNegative Newsโ๐:
Major Australian Bank Bans Payments to Binance Amid Regulatory Crackdown.
Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
---------------------------------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT), 4-hour time frameโฐ.
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.
Bitcoin has been moving in a Rectangle Pattern for over 25 daysโฐ.
๐Rectangular Pattern: The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle.
๐According to the theory of Elliott waves, the structure of the main wave 5 was Expanding Ending Diagonal, and it is expected that the beginning of corrective waves will be confirmed after the break of the lower line of the rectangle pattern.
๐กBitcoin's entry into the lower area of โโthe rectangle pattern is different this time than before, as it is the first time in the past two or three days that Bitcoin has significantly broken below the 100-SMA and 100-EMA.
๐กAlso, a SELL signal can confirm the end of the five impulse waves of Bitcoin.
๐I tried to chart the possible movements of Bitcoin over the next 2-3 days.
๐I expect Bitcoin to FALL to at least the ๐ขsupport zone($28,450-$28,080)๐ข after breaking the lower line of the rectangle pattern.
---------------------------------------------------------------------------------------------------------
๐โPositive Newsโ๐:
Rich Dad Poor Dad Author Says Heโs Sticking With Bitcoin (BTC) Amid โSadโ State of America.
A recent Glassnode report shows that the number of addresses with at least one Bitcoin(BTC) has reached an all-time high
SEC accepts BlackRockโs Bitcoin ETF application for review
๐โNegative Newsโ๐:
Major Australian Bank Bans Payments to Binance Amid Regulatory Crackdown.
Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
US Government Moves $305,000,000 Worth of Bitcoin (BTC) Seized From Silk Road
---------------------------------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT), 4-hour time frameโฐ.
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 again reacted to the bottom of the rectangle patternืืขืจื
Running wellืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
๐Real & Accurcy Free & VIP Signals๐ t.me/ProTrader_365
๐Contact & Learning Technical Analysis ๐t.me/Ad_ProTrader365
๐Contact & Learning Technical Analysis ๐t.me/Ad_ProTrader365
ืคืจืกืืืื ืงืฉืืจืื
ืืชื ืืืชืืจ
ืืืืืข ืืืคืจืกืืืื ืืื ื ืืืืจืื ืืืืืช, ืืืื ื ืืืืืื, ืขืฆืืช ืคืื ื ืกืืืช, ืืฉืงืขืืช, ืืกืืจ ืื ืกืืืื ืืืจืื ืฉื ืขืฆืืช ืื ืืืืฆืืช ืฉืกืืคืงื ืื ืืืืฉืจืื ืขื ืืื TradingView. ืงืจื ืขืื ืืชื ืืื ืืืืืืืืช.