Bitcoin Analysis==>> Attack to Resistance zone

2024年8月26日

Bitcoin is currently moving near the Support zone($63,630-$63,200), Support lines and 200_SMA(Daily).

According to the Elliott wave theory, Bitcoin seems to have completed the correction structure of the Double Three Correction(WXY).

One sign of Bitcoin's increase is the Hammer Candlestick Pattern with a long shadow, which adds to its validity.

Also, we can see Regular Divergence(RD+) between Consecutive Valleys.

I expect Bitcoin to attack again the Resistance zone($58,500-$57,000).

Note: Bitcoin can attack the Resistance zone($58,500-$57,000) from around $62,600.

Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

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2024年8月26日

交易進行

My Position was activated.

2024年8月26日

註釋

Still valid

2024年8月28日

交易結束：達到停損點

Sl touched, the scenario changed.