Bitcoin Analysis==>>Last Chance

8 aoûtBitcoin started to rise after the announcement of the Unemployment Claims rate and Putin's signing of the crypto mining law. However, the factors I mentioned in the post below can still cause Bitcoin to decrease.👇

Bitcoin is moving in the Resistance zone($60,800-$56,700) and near 50_SMA(Daily) and 200_SMA(Daily).

According to Elliott Wave theory, Bitcoin seems to be completing the Triple Double Correction(WXYXZ).

I expect Bitcoin to continue falling to at least the Support line after completing the corrective pattern.

Considering the Situation of Bitcoin, a Short Position is definitely better than a Long Position. Do you agree with me!?

Note: If Bitcoin can create a 4-hour or daily candle above the 200_SMA(Daily) and 50_SMA(Daily), we should expect Bitcoin to go up again.

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.

8 août

Transaction en cours

The upper CME Gap is filled, and a new CME Gap is created :)

I don't expect the SMAs to break with the first attack.

9 août

Trade fermée: cible de profit atteinte

First Target

11 août

Trade fermée: cible de profit atteinte

Second Target Done