ðHi everyone.
ð First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an ðEducational aspectð.
ðââïļBitcoin is moving in the ðĒSupport zone($26,880-$26,500)ðĒ near the ðĢYearly Pivot Point($26,737)ðĢ, Support lines and ðĩ50_SMA(Daily)ðĩ.
ðAccording to the theory of Elliott waves, Bitcoin seems to be completing its 5th wave with the help of the Expanding Ending Diagonal.
ðĄAlso, we can see Regular Divergence(RD+) between two Consecutive valleys.
ðI expect Bitcoin to move towards the Resistance line and ðīResistance zone($27,600-$27,300)ðī after breaking the upper line of the Expanding Ending Diagonal.
âïļNoteâïļ: Below the ðĒSupport zone($26,880-$26,500)ðĒ , Bitcoin has a ðĩCME Gap($26,400-$26,290)ðĩ, which I don't think Bitcoin will fill this gap in this attack, but if this zone is filled, the scenario will change.
--------------------------------------------------------------------------------
ðâPositive Newsâð:
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx.
Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain.
Bitcoin Lightning Network growth jumps 1,200% in 2 years.
Billionaire Paul Tudor Jones Still Likes Bitcoin Despite Price Drop.
Tether Continues To Flow Into Exchanges.
JPMorgan debuts tokenization platform, BlackRock among key clients: Report.
Crypto HODLers Stash Bitcoin Worth 1.35B Each Month, Onchain Data Show.
ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms.
ðâNegative Newsâð:
Crypto exchange Bitstamp to end Canadian services in January
Jim Cramer thinks 'Mr. Bitcoin is about to go down big'
--------------------------------------------------------------------------------
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.