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As I expected, Bitcoin reached the đŽResistance zone($65,700-$67,520)đŽ.
đAccording to Elliott's wave theory, Bitcoin is completing wave 5.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
đLooking at the Market Cap USDT Dominance% (USDT.D%) chart, I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the đąSupport zone(4.72%-4.53%)đą. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.đ
đI expect Bitcoin to start falling from the đŽResistance zone($65,700-$67,520)đŽ and continue falling to at least the đąSupport zone($65,700-$64,180)đą and the 50_SMA(Daily).
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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 Elliott's wave theory, Bitcoin is completing wave 5.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
đLooking at the Market Cap USDT Dominance% (USDT.D%) chart, I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the đąSupport zone(4.72%-4.53%)đą. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.đ
đI expect Bitcoin to start falling from the đŽResistance zone($65,700-$67,520)đŽ and continue falling to at least the đąSupport zone($65,700-$64,180)đą and the 50_SMA(Daily).
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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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Kommentera:
If BTC touches $66,220, we can expect BTC to go down more.
Kommentera:
The analysis is still valid; in my opinion, every time Bitcoin enters the đŽResistance zone($65,700-$67,520)đŽ, a short position can be a good choice. Don't forget the Stop Loss.
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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