🏃♂️Bitcoin is moving in 🟡Potential Reversal Zone(PRZ)($66,120-$65,350)🟡 and Resistance line.
🌊According to the Elliott wave theory, Bitcoin seems to be able to complete the Zigzag Correction(ABC/5-3-5) in PRZs (🟡Potential Reversal Zone(PRZ)($66,120-$65,350)🟡 has more chances).
💡Another sign that we can point to Bitcoin correction is the formation of the Head and Shoulders Pattern.
🔔I expect Bitcoin to fall at least to my Pitchfork lines on the chart.
❗️⚠️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.
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Trade active
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Comment
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If Bitcoin can break the upper line of the ascending channel and the resistance zone($70,680-$68,400), it will rise to the previous top(ATH). Otherwise, It will return to the lower line of the ascending channel.
@fastprofittrader, Thanks for the comment; let's see what will happen.
ipadpouya
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I was short based on my analysis and my SL touched... no problem at all this is part of the market your analysis always are phenomenal and have good win rate I'm grateful for sharing with us
go on bro...
pejman_zwin
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@ipadpouya, Much appreciated. Thanks for your great support.🙌🏻🌺