🏃♂️Bitcoin is moving near the 🔴Resistance zone($44,800-$44,160)🔴 and Inside the Ascending Channel.
🌊According toElliot's wave theory, wave 3 ended near 50_SMA(Daily), and now we have to wait for the confirmation of the end of wave 4.
🌊It seems that the structure of wave 4 is the Double Three Correction(WXY).
🌊With a lower line of ascending channel broken, we can confirm the end of wave 4.
🔔After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the 🟢Support zone($40,900-$40,200)🟢 and complete wave 5 (wave 5 can even be truncated).
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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