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Bitcoin has been responding well to my đĄPrice Reversal Zone(PRZ)đĄ for the past few days.
đAccording to the theory of Elliott waves, Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y.
đAs a result, I expect Bitcoin to make a new high (slightly above PRZ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line.
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đâPositive Newsâđ:
Crypto Asset Market Cap Should Explode by â5 or 10xâ During Next Bull Market, Says Macro Investor Raoul Pal.
Grayscale CEO Michael Sonnenshein Says US Has Chance To âAssert Its Dominanceâ With Crypto Regulation.
Grayscale Submits Application for New Ethereum Futures ETF.
đâNegative Newsâđ:
Dormant Bitcoin Address Holding $56.3M Springs to Life After Nearly 6 Years.
U.S. SECâs Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
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Bitcoin Analyze ( BTCUSDT ), 1-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 be glad to 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 seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y.
đAs a result, I expect Bitcoin to make a new high (slightly above PRZ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line.
---------------------------------------
đâPositive Newsâđ:
Crypto Asset Market Cap Should Explode by â5 or 10xâ During Next Bull Market, Says Macro Investor Raoul Pal.
Grayscale CEO Michael Sonnenshein Says US Has Chance To âAssert Its Dominanceâ With Crypto Regulation.
Grayscale Submits Application for New Ethereum Futures ETF.
đâNegative Newsâđ:
Dormant Bitcoin Address Holding $56.3M Springs to Life After Nearly 6 Years.
U.S. SECâs Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 1-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 be glad to 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.
Handel aktiv
Kommentera:
Bitcoin reacted well to the lower Ending Diagonal line.
Kommentera:
Standard Hammer Candlestick pattern in the right place.
Also, Bitcoin was able to break the upper line of the symmetrical Triangle. (5-minute time frame)
Standard Hammer Candlestick pattern in the right place.
Also, Bitcoin was able to break the upper line of the symmetrical Triangle. (5-minute time frame)
Kommentera:
I expect Bitcoin to rally before the FED meeting.
Kommentera:
There is still a possibility of forming Ending Diagonal
Trade stÀngt: mÄlet nÄtt
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đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đGet a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3