Bitcoin Ready to Pump==>>Falling Wedge==>>Shot term
2024-10-03

Bitcoin  moved as I expected in the  previous post .

According to  Elliott's wave theory , Bitcoin completed  wave 5 , and we should expect upward  corrective waves .

Regarding  Classic Technical Analysis ,  Bitcoin  seems to have formed a  Falling Wedge Pattern .

Also,  Regular Divergence (RD+)  between Consecutive Valleys.

I  expect  Bitcoin will go  up  after breaking the  upper line of the falling wedge pattern  and touch my  targets  in my chart.

 ⚠️Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.⚠️ 

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 and updates; this is just my Idea, and I will gladly see your ideas in this post.

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