Bitcoin Roadmap==>>1-hour time frame

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These past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations.

Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback.

In terms of Classical Technical Analysis, it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern (A symmetrical triangle is usually a continuation pattern).

Regarding Elliott's wave theory, Bitcoin seems to have finished the Double Three Correction(WXY).

I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage.

Note: An important point you should always remember is capital management and lack of greed.

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 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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ملاحظة

Update.

If BTC can break the Potential Reversal Zone(PRZ), the scenario will be changed.

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ملاحظة

You can Risk Free your position.

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Risk-Free was touched
The CPI indices were lower than the forecasts.