🚨Bitcoin can go Down by Expanding Ending Diagonal🚨

🏃‍♂️Bitcoin is moving inside the Ascending Channel and near the 🔴Resistance zone($35,300_$34,800)🔴.

💡Also, we can see Regular Divergence(RD_) between two Consecutive Peaks.

🌊According to the theory of Elliott waves, it seems that Bitcoin has managed to complete the microwave X of the main wave 4 above the ascending channel.

🔔I expect Bitcoin to break down to at least the support line and then the 🟢Support Zone($33,500_$33,190)🟢 after breaking the lower line of the ascending channel.

📉If we want to take a simpler look at Bitcoin in the 4-hour time frame, we will notice that the time it took for Bitcoin to reach the 🔴Resistance zone($35,300_$34,800)🔴 this time is much longer than last time, and this indicates the weakness of the buyers. Also, the recent 4-hour candle is forming a Shooting Star Candlestick Pattern. As I said, I expect Bitcoin to drop to 🟢Support Zone($33,500_$33,190)🟢.

❗️⚠️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.

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