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pejman_zwin
Jun 15, 2023 9:42 PM

Bitcoin falling again from the 🔴Resistance zone🔴 Short

Bitcoin / TetherUSBinance

Description

Bitcoin was able to go up to the 🔴resistance zone($ 25,760-$ 25,600)🔴 after breaking the resistance line.

The wave structure in the 15-minute time frame appears to be Expanding Flat(ABC/3-3-5), which is one of the most common corrective structures.

I expect Bitcoin to fall again from the 🔴resistance zone🔴 (there is also a possibility of a 🐮bull trap🐮).

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

Comment

Bitcoin has reacted well to the resistance zone.

Trade closed: target reached

By shadow

Comment

Can Bitcoin break the descending channel? what is your opinion?

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Comments
MadWhale

my view
pejman_zwin
@MadWhale, Thanks for sharing your idea.
kerolos22
i agree with you but I think it's correct for prepare a big down and break 24k weekly meaning more down
pejman_zwin
@kerolos22, Thanks for sharing your idea.
nestorador
Hello! Order blocks are clear, I agree. There is also dynamic resistance at 26k. I am in doubt. Thank you for new thoughts.
pejman_zwin
@nestorador, Hi, thanks for sharing your idea and comment.🌹🙏❤️
linofx1
Excellent analysis
pejman_zwin
@linofx1, Thanks
MG1986_
33k is reachable
pejman_zwin
@MG1986_, Thanks for sharing your idea.
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