👋Hi, I hope you had a great weekend.
✅As I expected, Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢.
🏃♂️Bitcoin is moving in the 🔴Resistance Zone($44,700-$41,780)🔴.
📈Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.
🌊According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.
🌊The end of wave 5 can continue to a maximum of around $44,800.
🔔I expect that Bitcoin will FALL at least to the 🟢Support zone($40,600-$40,280)🟢 after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the 🔵CME Gap($39,700-$39,850)🔵.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 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 expected, Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢.
🏃♂️Bitcoin is moving in the 🔴Resistance Zone($44,700-$41,780)🔴.
📈Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.
🌊According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.
🌊The end of wave 5 can continue to a maximum of around $44,800.
🔔I expect that Bitcoin will FALL at least to the 🟢Support zone($40,600-$40,280)🟢 after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the 🔵CME Gap($39,700-$39,850)🔵.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 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
Comment:
The upper line of the wedge pattern seems to be playing its role well; Bitcoin is possibly falling.
Comment:
If Bitcoin touches $42,820, further declines can happen.
Comment:
There is a possibility that the market will be a bit excited today due to the announcement of the Federal Funds Rate.
Now, we have to wait for the support line to break.
Now, we have to wait for the support line to break.
Trade closed: target reached:
The ✅first target✅ was hit.
Comment:
Bitcoin is likely to move between $44,000-$41,500 in the next three days.
Comment:
I expect Bitcoin to attack the 🟢Support zone($42,250-$41,500)🟢 again, although I expected the same in the initial analysis.
The main movement of Bitcoin will probably start at the beginning of the new week.
The main movement of Bitcoin will probably start at the beginning of the new week.
