Bitcoin ( 
BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250), Potential Reversal Zone(PRZ), the Upper line of the Ascending Channel, and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.).
According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5. The structure of the main wave 5 can be Ending Diagonal.
Also, Regular Divergence (RD-) between Consecutive Peaks.
I expect Bitcoin to fail again on the 5th attack to the important resistance lines, and to break the lower line of the descending channel and decline to at least the first target on my chart. We should expect more Bitcoin dumps if Bitcoin loses the Support zone($66,500-$64,480).
⚠️Note: Tension between Iran and Israel could increase in the coming days, causing a sharp drop in Bitcoin.⚠️
⚠️Note: Open interest in futures markets has reached its highest level in 2024, while Volume Trading has decreased.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250), Potential Reversal Zone(PRZ), the Upper line of the Ascending Channel, and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.).According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5. The structure of the main wave 5 can be Ending Diagonal.
Also, Regular Divergence (RD-) between Consecutive Peaks.
I expect Bitcoin to fail again on the 5th attack to the important resistance lines, and to break the lower line of the descending channel and decline to at least the first target on my chart. We should expect more Bitcoin dumps if Bitcoin loses the Support zone($66,500-$64,480).
⚠️Note: Tension between Iran and Israel could increase in the coming days, causing a sharp drop in Bitcoin.⚠️
⚠️Note: Open interest in futures markets has reached its highest level in 2024, while Volume Trading has decreased.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🎁 Free Real VIP Forex and Crypto Signals. Please visit:
🔗 t.me/ProTrader_365
🔗 t.me/ProTrader_365
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.