🚧Bitcoin Needs Correction🚧

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✅Bitcoin moved as I expected in the previous post.

💡Currently, Bitcoin has reacted well to the 🔴Resistance zone($65,650-$64,200)🔴.

🌊According to the theory of Elliott waves, it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves.

💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.

📈According to Classical Technical Analysis, Bitcoin can also form the Head and Shoulders Pattern.

🔔I expect Bitcoin to fall after breaking the Uptrend line, at least to the first 🎯Target🎯 I specified on the chart.

❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($65,650-$64,200)🔴, the scenario will be changed.

❗️⚠️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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تم فتح الصفقة

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ملاحظة

The probability of forming a Head and Shoulders Pattern pattern has increased.

If Bitcoin goes above $64,780, the Head and Shoulders Pattern will not be formed, but the analysis is still valid until Bitcoin breaks the 🔴Resistance zone($65,650-$64,200)🔴.

٧ مايو ٢٠٢٤

ملاحظة

BTC is Running well as I expected, my targets: $62,700//$62,000.

⚠️BTC can go down even more.⚠️

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