Bitcoin Roadmap==>>1-hour time frame==>>Filling CME Gap

18 ott

Bitcoin( BTCUSDT ) is moving near the Important Resistance lines (Bitcoin is attacking important resistance lines for the fifth time) in the Resistance zone($70,080- $68,250).

According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 in the small ascending channel.

Also, Regular Divergence (RD-) between Consecutive Peaks.

I expect Bitcoin to fail again after breaking the lower lines of the ascending channels (small and big) and then fill the first CME Gap($67,250- $67,050).

⚠️Note: The formation of the Bull Trap is probably high.⚠️

⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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7 giorni fa

Trade attivo

Position was activated

6 giorni fa

Commento

The loss of the lower line of the ascending channel (purple color) is considered a sign of weakness to continue the upward trend, but since this happened on Saturday and Sunday, one reason is the low trading volume on these days.

Bitcoin seems to be completing a corrective zigzag pattern, which can start to bounce back from one of the PRZs, and if Bitcoin rises from $69,040, the scenario will change.

4 giorni fa

Trade chiuso: obiettivo raggiunto

First Target Done

3 giorni fa

Trade chiuso: obiettivo raggiunto

Second Target Done.