Bitcoin is Ready to Attack to Resistance zone==>>Short term

10 Sep

Bitcoin is currently moving in the Resistance zone($55,720-$54,550).

According to the Elliott wave theory, Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY).

Also, in terms of Classic Technical Analysis, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern.

I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle.

If you want to know more about Bitcoin, please look at the below post:

Note: If Bitcoin breaks the uptrend line, we can expect more dumps.

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

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

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10 Sep

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BTC broke the upper line of the Symmetrical Triangle.

11 Sep

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I did RISK FREE this position.