🚀Bitcoin will Go Up after Pullback🚀

May 16

💡Bitcoin managed to break the 🔴Resistance zone($65,700-$64,180)🔴, Resistance line and 50_SMA(Daily) yesterday.

💡Bitcoin seems to be completing a pullback right now.

🌊Regarding Elliott wave theory, Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4.

📈In terms of Classic Technical Analysis, Bitcoin managed to break the resistance zone, resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern. Bitcoin seems to have increased at least to the 🎯Target🎯 of this pattern.

💡Let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.

💡USDT.D% seems to start falling after reaching the 🔴Resistance zone(4.92%-4.87%)🔴, which is in line with Bitcoin's analysis. ⚠️The scenario will change if USDT.D% can break the resistance zone⚠️.👇


🔔I expect Bitcoin to rise to the next 🔴Resistance zone($65,700-$67,520)🔴 after the completion of wave 4 (pullback).

❗️⚠️Note⚠️❗️: If Bitcoin falls below the 🔴Resistance zone($65,700-$64,180)🔴, the scenario will change.

❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze ( BTCUSDT ), 2-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 gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

May 17

Trade active

May 17

Trade closed: target reached

First Target

May 18

Trade closed: target reached

I closed my position.(Second Target)