🚨Bitcoin Falls by Ending Diagonal Pattern🚨

20 set 2023

✅Bitcoin has been responding well to my 🟡Price Reversal Zone(PRZ)🟡 for the past few days.

🌊According to the theory of Elliott waves, Bitcoin seems to intend to form an Ending Diagonal pattern to complete microwave C of main wave Y.

🔔As a result, I expect Bitcoin to make a new high (slightly above PRZ) and then start to Fall again. The target of Bitcoin drop in the first step can be the Support line.
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🌐➕Positive News➕🌐:

Crypto Asset Market Cap Should Explode by ‘5 or 10x’ During Next Bull Market, Says Macro Investor Raoul Pal.

Grayscale CEO Michael Sonnenshein Says US Has Chance To ‘Assert Its Dominance’ With Crypto Regulation.

Grayscale Submits Application for New Ethereum Futures ETF.

🌐➖Negative News➖🌐:

Dormant Bitcoin Address Holding $56.3M Springs to Life After Nearly 6 Years.

U.S. SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.

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20 set 2023

Trade attivo

20 set 2023

Nota

Bitcoin reacted well to the lower Ending Diagonal line.

20 set 2023

Nota

Standard Hammer Candlestick pattern in the right place.



Also, Bitcoin was able to break the upper line of the symmetrical Triangle. (5-minute time frame)

20 set 2023

Nota

I expect Bitcoin to rally before the FED meeting.

21 set 2023

Nota

There is still a possibility of forming Ending Diagonal

21 set 2023

Trade chiuso: obiettivo raggiunto