↘️After the SEC approved the Bitcoin ETFs, we saw that Bitcoin has lost more than ➖16% of its value so far (Buy the Rumor, Sell the News).
✅As I shared in previous posts, Bitcoin started falling from 🔴Heavy Resistance Zone($52,100-$45,800)🔴 as I shared with you.
🌊According to the theory of Elliott waves, Bitcoin went through wave 5 with the Expanding Ending Diagonal, and it seems that Bitcoin has already started corrective waves.
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵CME Gap($40,325-$39,290)🔵 and then rebounds(➕10%) to around $43,500.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-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.
✅As I shared in previous posts, Bitcoin started falling from 🔴Heavy Resistance Zone($52,100-$45,800)🔴 as I shared with you.
🌊According to the theory of Elliott waves, Bitcoin went through wave 5 with the Expanding Ending Diagonal, and it seems that Bitcoin has already started corrective waves.
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵CME Gap($40,325-$39,290)🔵 and then rebounds(➕10%) to around $43,500.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-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.
Comment:
After a break, Bitcoin will likely start falling again to the CME Gap.
Trade active
Trade closed: target reached
