🚨Bitcoin is Ready to Break Descending Channel🚨⏰(1-Hour)⏰

🏃‍♂️Bitcoin is moving in the 🟢Support zone($25,840_$25,600)🟢 after leaving behind a 🐻Bear Trap🐻.

📚It is better to know that, in general, Volume Trading is ↘️Low↘️ on Saturdays and Sundays.

🌊According to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.

💡One of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.

💡Another 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.

🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the 🔴Resistance zone($27,000-$26,350)🔴 and 🎯Target🎯 I have identified on the chart.

Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.

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.

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Kommentera:

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%.

Kommentera:

Bitcoin is likely to touch the support line.

Kommentera:

Bitcoin is still holding above its support line.

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