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As I expected, Bitcoin reached the ðīResistance zone($65,700-$67,520)ðī.
ðAccording to Elliott's wave theory, Bitcoin is completing wave 5.
ðĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
ðLooking at the Market Cap USDT Dominance% (USDT.D%) chart, I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the ðĒSupport zone(4.72%-4.53%)ðĒ. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.ð
ðI expect Bitcoin to start falling from the ðīResistance zone($65,700-$67,520)ðī and continue falling to at least the ðĒSupport zone($65,700-$64,180)ðĒ and the 50_SMA(Daily).
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.
ðAccording to Elliott's wave theory, Bitcoin is completing wave 5.
ðĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
ðLooking at the Market Cap USDT Dominance% (USDT.D%) chart, I see that USDT.D% has completed its Zigzag correction(ABC/5-3-5) in the ðĒSupport zone(4.72%-4.53%)ðĒ. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.ð
ðI expect Bitcoin to start falling from the ðīResistance zone($65,700-$67,520)ðī and continue falling to at least the ðĒSupport zone($65,700-$64,180)ðĒ and the 50_SMA(Daily).
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.
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āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
If BTC touches $66,220, we can expect BTC to go down more.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
The analysis is still valid; in my opinion, every time Bitcoin enters the ðīResistance zone($65,700-$67,520)ðī, a short position can be a good choice. Don't forget the Stop Loss.
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