Bitcoin / TetherUS
āđ€āļžāļīāđˆāļĄāļ‚āļķāđ‰āļ™

ðŸšĻBitcoin is Ready to Break Descending ChannelðŸšĻ⏰(1-Hour)⏰

āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:
🏃‍♂ïļBitcoin is moving in the ðŸŸĒSupport zone($25,840_$25,600)ðŸŸĒ after leaving behind a ðŸŧBear TrapðŸŧ.

📚It is better to know that, in general, Volume Trading is ↘ïļLow↘ïļ on Saturdays and Sundays.

🌊According to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.

ðŸ’ĄOne of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.

ðŸ’ĄAnother sign that we can hope that Bitcoin will succeed in breaking the Descending Channel is the Regular Divergence (RD+) between Volume and Price in two consecutive bottoms.

🔔I expect Bitcoin to gradually break out of the Descending Channel and reach the ðŸ”īResistance zone($27,000-$26,350)ðŸ”ī and ðŸŽŊTargetðŸŽŊ I have identified on the chart.

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 be glad to see your ideas in this post.

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āļāļēāļĢāļ‹āļ·āđ‰āļ­āļ‚āļēāļĒāļĒāļąāļ‡āļ„āļ‡āļ”āļģāđ€āļ™āļīāļ™āļ­āļĒāļđāđˆ
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
āļŠāđāļ™āļ›āļŠāļ­āļ•

Bitcoin's front resistance is the $26,000 round number (23.6% Fibonacci level), the next resistance is the next Fibonacci level at 32.8%.
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
Bitcoin is likely to touch the support line.
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
Bitcoin is still holding above its support line.
āļ›āļīāļ”āļāļēāļĢāđ€āļ—āļĢāļ”: āļ–āļķāļ‡āđ€āļ›āđ‰āļēāļŦāļĄāļēāļĒāļāļēāļĢāļ—āļģāļāļģāđ„āļĢ
Bitcoin (Cryptocurrency)bitcoinanalysisBTCBTCBUSDbtctradeBTCUSDbtcusdanalysisBTCUSDTBTCUSDTPERPParallel ChannelSupport and ResistanceWave Analysis

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