Hi everyone👋.
🏃♂️Bitcoin is moving in the 🟢Support zone($25,840_$25,600)🟢 and near the Support line, and the lower line of the Ascending channel.
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢Support zone($25,840_$25,600)🟢 and the Support line. (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴Resistance zone($27,000-$26,350)🔴 in the coming hours to complete Wave C.
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🌐➕Positive News➕🌐:
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
🌐➖Negative News➖🌐:
Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses $FWB:40 M in 'Unauthorized' Transfers.
Trouble in the Metaverse: 99% of Play-to-Earn Investors Now Counting Their Losses.
Exploits, hacks and scams stole almost $1B in 2023: Report.
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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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🏃♂️Bitcoin is moving in the 🟢Support zone($25,840_$25,600)🟢 and near the Support line, and the lower line of the Ascending channel.
🌊According to the theory of Elliott waves, it seems that Bitcoin is completing Corrective Waves inside the ascending channel.
💡Since parallel markets such as Gold have taken a downward trend in the past day and the DXY index has an upward trend, but Bitcoin managed to maintain the 🟢Support zone($25,840_$25,600)🟢 and the Support line. (This can be a good sign that increases the possibility of Bitcoin increasing in the coming hours.)
🔔I expect Bitcoin to reach the upper part of the ascending channel and the 🔴Resistance zone($27,000-$26,350)🔴 in the coming hours to complete Wave C.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein.
OKX Cryptocurrency Exchange Expands into India, Focusing on Web3 Potential and Local Talent.
🌐➖Negative News➖🌐:
Crypto Exchange Volumes Fall to 2020 Levels as Institutional Funds Hemorrhage.
Drake-Backed Crypto Casino Stake Loses $FWB:40 M in 'Unauthorized' Transfers.
Trouble in the Metaverse: 99% of Play-to-Earn Investors Now Counting Their Losses.
Exploits, hacks and scams stole almost $1B in 2023: Report.
--------------------------------------------------------------------------------
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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
Focus on the rectangle pattern
Note
BTCUSDT
🟢Position: Long
✅Entry Point: 25650.0 USDT (Limit Order)
⛔️Stop Loss: 25420.0 USDT
💰Take Profit:
🎯 26200.0 USDT
Risk-To-Reward: 2.39
Double my volume @25420.0 USDT, then transfer your Stop Loss(SL) to $25180 USDT == martingale strategy
Trade closed: target reached
I closed position
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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.