Bitcoin is Ready for PUMP to $69,000(at least)
Updated
Bitcoin is currently moving near the Potential Reversal Zone(PRZ), the lower line of the ascending channel, and the 100_SMA(4-hour TF).
In terms of Elliott wave theory, Bitcoin seems to be completing wave C. The correction pattern is Zigzag(ABC/5-3-5).
In terms of Classic Technical Analysis, Bitcoin is moving in a Falling Wedge Pattern.
I expect Bitcoin to rise to at least the Resistance zone($69,500_$68,820).
Note: If Bitcoin manages to break the lower line of the ascending channel, we should wait for Bitcoin to attack the support zone ($65,730_$64,180).
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.
In terms of Elliott wave theory, Bitcoin seems to be completing wave C. The correction pattern is Zigzag(ABC/5-3-5).
In terms of Classic Technical Analysis, Bitcoin is moving in a Falling Wedge Pattern.
I expect Bitcoin to rise to at least the Resistance zone($69,500_$68,820).
Note: If Bitcoin manages to break the lower line of the ascending channel, we should wait for Bitcoin to attack the support zone ($65,730_$64,180).
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 active
Trade closed: target reached
Comment
We have to wait for BTC to attack the lower line of the ascending channel.
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