â As I expected, Bitcoin reached the đ´Resistance zone($65,700-$67,520)đ´.
đAccording to Elliott's wave theory, Bitcoin is completing wave 5.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
đLooking 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 đ˘Support zone(4.72%-4.53%)đ˘. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.đ
đI expect Bitcoin to start falling from the đ´Resistance zone($65,700-$67,520)đ´ and continue falling to at least the đ˘Support zone($65,700-$64,180)đ˘ and the 50_SMA(Daily).
âď¸â ď¸Noteâ ď¸âď¸: 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 đđ & Share it with your friends; thanks, and Trade safe.
Trade ist aktiv
Anmerkung
If BTC touches $66,220, we can expect BTC to go down more.
Anmerkung
The analysis is still valid; in my opinion, every time Bitcoin enters the đ´Resistance zone($65,700-$67,520)đ´, a short position can be a good choice. Don't forget the Stop Loss.
Die Informationen und VerÜffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.