đĄBitcoin is trying to break the đŽResistance zone($35,280_$34,830)đŽ for the umpteenth time, but it seems that it has not succeeded (We will witness the second đźBull Trapđź, most likely).
đAccording to the theory of Elliott waves, Bitcoin is currently in Corrective waves, and the main wave 3 is also Extended.
đBitcoin seems to be trying to complete the Corrective Waves that have formed between the two support and resistance zones in the last two weeks.
đThe structure of correction waves is of Double Three Correction(WXY) type (it should be noted that all microwaves have been carefully calculated.)
đĄAlso, we can see Regular Divergence(RD_) between two Consecutive Peaks(Two Pull Traps).
đĄIn addition, we can see the Sell Signal between SMA(100) and EMA(100).
đI expect Bitcoin to go down to at least the first đ”CME Gapđ” after breaking the Support line(1).
âïžâ ïžNote(1)â ïžâïž: In general, I tried to show you a Road map of Bitcoin for the next few weeks, but news and other factors can affect the amount of rise and fall of the waves.
âïžâ ïžNote(2)â ïžâïž: If Bitcoin can go above $36,000, the wave count scenario will change.
âïžâ ïžNote(3)â ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
đAccording to the theory of Elliott waves, Bitcoin is currently in Corrective waves, and the main wave 3 is also Extended.
đBitcoin seems to be trying to complete the Corrective Waves that have formed between the two support and resistance zones in the last two weeks.
đThe structure of correction waves is of Double Three Correction(WXY) type (it should be noted that all microwaves have been carefully calculated.)
đĄAlso, we can see Regular Divergence(RD_) between two Consecutive Peaks(Two Pull Traps).
đĄIn addition, we can see the Sell Signal between SMA(100) and EMA(100).
đI expect Bitcoin to go down to at least the first đ”CME Gapđ” after breaking the Support line(1).
âïžâ ïžNote(1)â ïžâïž: In general, I tried to show you a Road map of Bitcoin for the next few weeks, but news and other factors can affect the amount of rise and fall of the waves.
âïžâ ïžNote(2)â ïžâïž: If Bitcoin can go above $36,000, the wave count scenario will change.
âïžâ ïžNote(3)â ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
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đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đif you want to learn Technical Analysis = Please Contact međ t.me/Ad_ProTrader365
The United States Securities and Exchange Commission (SEC) has set an 8-day window from today to November 17 to review 12 Bitcoin spot ETFs