Description
⋅ 🏃♂️Bitcoin is moving near the 🔴Resistance zone($71,350-$70,900)🔴 and seems to have broken the Support line.
🌊According to the theory of Elliott waves, Bitcoin seems to have successfully completed the Zigzag Correction(ABC/5-3-5).
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
📈If Bitcoin's downward momentum is high, there is a possibility of forming a classic Double Top Pattern.
🔔I expect Bitcoin to ⚔️Attack⚔️ the 🟢Heavy Support zone($69,300-$67,500)🟢 once again.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
⋅ Trade closed: target reached
⋅ Trade active
⋅ I opened again
Trade closed: target reached
⋅ Second position Done.
Comment
⋅ Also, BTC was able to break the 🟢Heavy Support zone($69,300-$67,500)🟢.
Comment
⋅ Bitcoin lost support lines, and the downward trend is expected to continue.
Keep up the good work.