Hi guys, I hope that you had a great weekend.š„³
ā Bitcoin seems to have managed to break the Important Resistance line (at least temporarily) and is currently completing a pullback to this line.
šCurrently, Bitcoin is moving near the š¢Support zone($27,100-$27,040)š¢and SMA(100).
šIn terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern.
šThe structure of the waves inside the Flag is the Double Three Correction(WXY) type.
šI expect Bitcoin to rise toward the š“Resistance zone($27,600-$27,300)š“ after breaking the upper line of the descending channel.
āļøNoteāļø: if Bitcoin goes below the š¢Support zone($27,100-$27,060)š¢ we have to expect that Bitcoin will go down more.
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šāPositive Newsāš:
In general, October has been a good month for cryptocurrencies.
šāNegative Newsāš:
New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions
Gemini Crypto Exchange Exits Dutch Market.
Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT.
Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall.
SEC Files Lawsuit Against FTX Auditor.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ā°.
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 be glad to see your ideas in this post.
Please do not forget the ā ' like'ā button šš & Share it with your friends; thanks, and Trade safe.
ā Bitcoin seems to have managed to break the Important Resistance line (at least temporarily) and is currently completing a pullback to this line.
šCurrently, Bitcoin is moving near the š¢Support zone($27,100-$27,040)š¢and SMA(100).
šIn terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern.
šThe structure of the waves inside the Flag is the Double Three Correction(WXY) type.
šI expect Bitcoin to rise toward the š“Resistance zone($27,600-$27,300)š“ after breaking the upper line of the descending channel.
āļøNoteāļø: if Bitcoin goes below the š¢Support zone($27,100-$27,060)š¢ we have to expect that Bitcoin will go down more.
--------------------------------------------------------------------------------
šāPositive Newsāš:
In general, October has been a good month for cryptocurrencies.
šāNegative Newsāš:
New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions
Gemini Crypto Exchange Exits Dutch Market.
Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT.
Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall.
SEC Files Lawsuit Against FTX Auditor.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ā°.
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 be glad to see your ideas in this post.
Please do not forget the ā ' like'ā button šš & Share it with your friends; thanks, and Trade safe.
Trade active
Trade closed: target reached
āļøTarget DoneāļøšLess than one hour š
Note
BTC maybe can touch $28,300 today(maybe more).Note
The next š“Resistance zone($28,450-$28,080)š“ that Bitcoin is likely to attack today (although it may have a small correction).Note
As I said, BTC was able to touch $28,300ā
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
šWelcome than a 50% bonus(Low Spread)švtm.pro/Y3AV7r
šGet a 20% Discount on your trading FEE on BYBIT:špartner.bybit.com/b/PEJMANZWIN
šGet a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)šlbank.one/join/uBythQd
šGet a 20% Discount on your trading FEE on BYBIT:špartner.bybit.com/b/PEJMANZWIN
šGet a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)šlbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.