🏃♂️After decreasing a few hours ago, Bitcoin is again close to the Resistance Line.
🌊In terms of Elliott wave structure, Bitcoin has completed five impulse waves and is currently completing corrective waves.
🌊It seems that the structure of the corrective waves is of the type of Expanding Flat(ABC/3-3-5).
🔔I expect Bitcoin to start going up from one 🟡Price Reversal Zone(PRZ)🟡, break the Resistance Line, and reach the 🔴Resistance Zone🔴.
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🌐➕Positive News➕🌐:
Bitcoin difficulty jumps 6% to a new peak as miners ignore the BTC price dip.
Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGlone
🌐➖Negative News➖🌐:
FBI: North Korean hackers may be looking to sell $40 million worth of Bitcoin.
Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊In terms of Elliott wave structure, Bitcoin has completed five impulse waves and is currently completing corrective waves.
🌊It seems that the structure of the corrective waves is of the type of Expanding Flat(ABC/3-3-5).
🔔I expect Bitcoin to start going up from one 🟡Price Reversal Zone(PRZ)🟡, break the Resistance Line, and reach the 🔴Resistance Zone🔴.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Bitcoin difficulty jumps 6% to a new peak as miners ignore the BTC price dip.
Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGlone
🌐➖Negative News➖🌐:
FBI: North Korean hackers may be looking to sell $40 million worth of Bitcoin.
Nearly 90% of Bitcoin Short-Term Holders Are Underwater, Onchain Data Show.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
A closer view of the waves (5-minute time frame)
Note
First 🟡Price Reversal Zone(PRZ)🟡 worked very well as I expected ✅Note
BTC is ready for Attacking to Resistance lineNote
Great move I expected ✅.
Note
Bitcoin was able to break the resistance lineTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.