Bitcoin will⚔️attack⚔️ to 🔴Resistance Zone🔴

Bitcoin is running in descending channel.

🌊According to Elliott's wave theory, Bitcoin is forming another Zigzag correction(5-3-5/ABC) in the descending channel.

🔔I expect Bitcoin to fall to the 🟡Price Reversal Zone(PRZ)🟡and support line and then break the upper line of the descending channel and go up to the 🔴resistance zone($29,850-$29,480)🔴.

❗️Note❗️: There is a high probability of a 🐻Bear Trap🐻 near the support line (if the support line breaks(validly), the scenario will change).
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🌐➕Positive News➕🌐:

Donald Trump’s Ethereum wallet holds $2.8M, new statement shows.

Crypto mining lobby group to dispel misconceptions in Washington DC: Founder.

FDIC and Other Federal Agencies ‘Closely Monitoring’ Banks’ Exposure to Crypto Assets.

Singapore Takes On Stablecoins With New Regulatory Framework.

COINBASE exchange will luanch in Canada.

🌐➖Negative News➖🌐:

Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products.

Heavy short position by Michael Burry on S&P500 and NASDAQ.
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Bitcoin Analyze ( BTCUSDT ), 15-minute 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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تعليق:

I expect Bitcoin to fall to PRZ and then go up, if Bitcoin can break the upper line of the descending channel, Bitcoin can also break the resistance zone.

تم فتح الصفقة

تعليق:

Bitcoin was able to break the support line, but it is better that we wait for the opening of the USA market (Less than 5 hours later).

تعليق:

Elon Musk changed the Game.