Bitcoin Analysis (It's time for Bears🐻🧸🐼)

✅As I expected, Bitcoin reached the 🔴Resistance zone($65,700-$67,520)🔴.

🌊According to Elliott's wave theory, Bitcoin is completing wave 5.

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

📈Looking 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 🟢Support zone(4.72%-4.53%)🟢. We should expect at least a temporary growth of USDT.D%, which means that Bitcoin should have a minimal correction.👇

🔔I expect Bitcoin to start falling from the 🔴Resistance zone($65,700-$67,520)🔴 and continue falling to at least the 🟢Support zone($65,700-$64,180)🟢 and the 50_SMA(Daily).

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

Bitcoin Analyze ( BTCUSDT ), 2-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.

تم فتح الصفقة

تعليق:

If BTC touches $66,220, we can expect BTC to go down more.

تعليق:

The analysis is still valid; in my opinion, every time Bitcoin enters the 🔴Resistance zone($65,700-$67,520)🔴, a short position can be a good choice. Don't forget the Stop Loss.