â
Bitcoin moved as I expected in the previous post.
ðĄCurrently, Bitcoin has reacted well to the ðīResistance zone($65,650-$64,200)ðī.
ðAccording to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
ðĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
ðAccording to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
ðI expect Bitcoin to fall after breaking the Uptrend line, at least to the first ðŊTargetðŊ I specified on the chart.
âïļâ ïļNoteâ ïļâïļ: If Bitcoin can break the ðīResistance zone($65,650-$64,200)ðī, the scenario will be changed.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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.
ðĄCurrently, Bitcoin has reacted well to the ðīResistance zone($65,650-$64,200)ðī.
ðAccording to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.
ðĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
ðAccording to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.
ðI expect Bitcoin to fall after breaking the Uptrend line, at least to the first ðŊTargetðŊ I specified on the chart.
âïļâ ïļNoteâ ïļâïļ: If Bitcoin can break the ðīResistance zone($65,650-$64,200)ðī, the scenario will be changed.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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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āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
BTC is Running well as I expected, my targets: $62,700//$62,000.
â ïļBTC can go down even more.â ïļ
BTC is Running well as I expected, my targets: $62,700//$62,000.
â ïļBTC can go down even more.â ïļ
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
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ðif you want to learn Technical Analysis = Please Contact með t.me/Ad_ProTrader365
If Bitcoin goes above $64,780, the Head and Shoulders Pattern will not be formed, but the analysis is still valid until Bitcoin breaks the ðīResistance zone($65,650-$64,200)ðī.