Bitcoin is Ready to Escape from Descending Channel⏰(15_Min)⏰

💡Bitcoin is moving in a Falling Wedge Pattern on the 1-hour time frame (yesterday's post).👇

💡In the 15-minute time frame, Bitcoin is moving in a main ascending channel and in a secondary descending channel.

🌊According to the theory of Elliott waves, Bitcoin seems to be completing corrective waves inside the descending channel.

🔔I expect Bitcoin to go up after breaking the upper line of the descending channel to the upper line of the ascending channel and the minimum 🔴Resistance zone($26,800-$26,680)🔴.
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🌐➕Positive News➕🌐:

MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin.

Coinbase secures Bank of Spain registration as part of global expansion.

NASA plans to prove its next Moon landing is real using blockchain.

Binance looks to issue stablecoins in Japan with MUFG unit by end of 2024.

Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox.

Bitcoin gains legal recognition as digital currency in Shanghai, China.

UAE Leads MENA Region in DeFi Adoption: Chainalysis Report.

Kraken secures money license registrations in Spain and Ireland.

🌐➖Negative News➖🌐:

Crypto funds see sixth straight week of outflows.

Crypto Exchange Huobi Hacked for $7.9 Million.

Bitcoin exchange volume tracks 5-year lows as Fed inspires BTC holding.

Chase Bank tells UK crypto users to take their business elsewhere
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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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Trade ist aktiv

Kommentar:

Bitcoin was able to break the descending channel.

Trade geschlossen: Ziel wurde erreicht

Kommentar:

Bitcoin reacted very well to the resistance zone.