🚨Bitcoin is Ready to Fall Again🚨

👋Hi, I hope you had a great weekend.

✅As I expected, Bitcoin started to rally from 🟢Heavy Support zone($39,000-$37,000)🟢.

🏃‍♂️Bitcoin is moving in the 🔴Resistance Zone($44,700-$41,780)🔴.

📈Regarding Classic Technical Analysis, it seems Bitcoin has successfully formed a Ascending Broadening Wedge Pattern.

🌊According to the theory of Elliott waves, Bitcoin seems to be completing the wave 5.

🌊The end of wave 5 can continue to a maximum of around $44,800.

🔔I expect that Bitcoin will FALL at least to the 🟢Support zone($40,600-$40,280)🟢 after the completion of wave 5, after breaking the Support line, and in the next step, it can also fill the 🔵CME Gap($39,700-$39,850)🔵.

❗️⚠️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.

Trade attivo

Commento:

The upper line of the wedge pattern seems to be playing its role well; Bitcoin is possibly falling.

Commento:

If Bitcoin touches $42,820, further declines can happen.

Commento:

There is a possibility that the market will be a bit excited today due to the announcement of the Federal Funds Rate.

Now, we have to wait for the support line to break.

Trade chiuso: obiettivo raggiunto:

The ✅first target✅ was hit.

Commento:

Bitcoin is likely to move between $44,000-$41,500 in the next three days.

Commento:

I expect Bitcoin to attack the 🟢Support zone($42,250-$41,500)🟢 again, although I expected the same in the initial analysis.

The main movement of Bitcoin will probably start at the beginning of the new week.