ðĄBitcoin managed to break the ðīResistance zone($65,700-$64,180)ðī, Resistance line and 50_SMA(Daily) yesterday.
ðĄBitcoin seems to be completing a pullback right now.
ðRegarding Elliott wave theory, Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4.
ðIn terms of Classic Technical Analysis, Bitcoin managed to break the resistance zone, resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern. Bitcoin seems to have increased at least to the ðŊTargetðŊ of this pattern.
ðĄLet's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
ðĄUSDT.D% seems to start falling after reaching the ðīResistance zone(4.92%-4.87%)ðī, which is in line with Bitcoin's analysis. â ïļThe scenario will change if USDT.D% can break the resistance zoneâ ïļ.ð
ðI expect Bitcoin to rise to the next ðīResistance zone($65,700-$67,520)ðī after the completion of wave 4 (pullback).
âïļâ ïļNoteâ ïļâïļ: If Bitcoin falls below the ðīResistance zone($65,700-$64,180)ðī, the scenario will change.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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.
ðĄBitcoin seems to be completing a pullback right now.
ðRegarding Elliott wave theory, Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4.
ðIn terms of Classic Technical Analysis, Bitcoin managed to break the resistance zone, resistance line, and 50_SMA(Daily) with the help of the Inverse Head and Shoulders Pattern. Bitcoin seems to have increased at least to the ðŊTargetðŊ of this pattern.
ðĄLet's take a look at the Market Cap USDT Dominance% (USDT.D%) chart.
ðĄUSDT.D% seems to start falling after reaching the ðīResistance zone(4.92%-4.87%)ðī, which is in line with Bitcoin's analysis. â ïļThe scenario will change if USDT.D% can break the resistance zoneâ ïļ.ð
ðI expect Bitcoin to rise to the next ðīResistance zone($65,700-$67,520)ðī after the completion of wave 4 (pullback).
âïļâ ïļNoteâ ïļâïļ: If Bitcoin falls below the ðīResistance zone($65,700-$64,180)ðī, the scenario will change.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-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.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
First Target
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
I closed my position.(Second Target)
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