ðĄBitcoin is trying to break the ðīResistance zone($35,280_$34,830)ðī for the umpteenth time, but it seems that it has not succeeded (We will witness the second ðŪBull TrapðŪ, most likely).
ðAccording to the theory of Elliott waves, Bitcoin is currently in Corrective waves, and the main wave 3 is also Extended.
ðBitcoin seems to be trying to complete the Corrective Waves that have formed between the two support and resistance zones in the last two weeks.
ðThe structure of correction waves is of Double Three Correction(WXY) type (it should be noted that all microwaves have been carefully calculated.)
ðĄAlso, we can see Regular Divergence(RD_) between two Consecutive Peaks(Two Pull Traps).
ðĄIn addition, we can see the Sell Signal between SMA(100) and EMA(100).
ðI expect Bitcoin to go down to at least the first ðĩCME Gapðĩ after breaking the Support line(1).
âïļâ ïļNote(1)â ïļâïļ: In general, I tried to show you a Road map of Bitcoin for the next few weeks, but news and other factors can affect the amount of rise and fall of the waves.
âïļâ ïļNote(2)â ïļâïļ: If Bitcoin can go above $36,000, the wave count scenario will change.
âïļâ ïļNote(3)â ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðAccording to the theory of Elliott waves, Bitcoin is currently in Corrective waves, and the main wave 3 is also Extended.
ðBitcoin seems to be trying to complete the Corrective Waves that have formed between the two support and resistance zones in the last two weeks.
ðThe structure of correction waves is of Double Three Correction(WXY) type (it should be noted that all microwaves have been carefully calculated.)
ðĄAlso, we can see Regular Divergence(RD_) between two Consecutive Peaks(Two Pull Traps).
ðĄIn addition, we can see the Sell Signal between SMA(100) and EMA(100).
ðI expect Bitcoin to go down to at least the first ðĩCME Gapðĩ after breaking the Support line(1).
âïļâ ïļNote(1)â ïļâïļ: In general, I tried to show you a Road map of Bitcoin for the next few weeks, but news and other factors can affect the amount of rise and fall of the waves.
âïļâ ïļNote(2)â ïļâïļ: If Bitcoin can go above $36,000, the wave count scenario will change.
âïļâ ïļNote(3)â ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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The United States Securities and Exchange Commission (SEC) has set an 8-day window from today to November 17 to review 12 Bitcoin spot ETFs