ðââïļBitcoin is moving in the ðĒSupport zone($25,840_$25,600)ðĒ after leaving behind a ðŧBear Trapðŧ.
ðIt is better to know that, in general, Volume Trading is âïļLowâïļ on Saturdays and Sundays.
ðAccording to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.
ðĄOne of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.
ðĄAnother 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.
ðI expect Bitcoin to gradually break out of the Descending Channel and reach the ðīResistance zone($27,000-$26,350)ðī and ðŊTargetðŊ I have identified on the chart.
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 be glad to 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.
ðIt is better to know that, in general, Volume Trading is âïļLowâïļ on Saturdays and Sundays.
ðAccording to the theory of Elliott waves, it seems that Bitcoin has successfully completed its 5 downward waves and has already started corrective waves.
ðĄOne of the signs of the completion of wave 5 is the Regular Divergence (RD+) between two consecutive bottoms in the RSI indicator.
ðĄAnother 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.
ðI expect Bitcoin to gradually break out of the Descending Channel and reach the ðīResistance zone($27,000-$26,350)ðī and ðŊTargetðŊ I have identified on the chart.
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 be glad to 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
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Bitcoin is likely to touch the support line.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Bitcoin is still holding above its support line.
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
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ðif you want to learn Technical Analysis = Please Contact með t.me/Ad_ProTrader365
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%.