Bitcoin Analyze (Short Term,15-minute Time Frame,04/23/2023)🌊

According to Elliott's wave theory, The end of wave 4 ended in the 🟡Price Reversal Zone(PRZ)🟡, and one of the signs of the end of the wave was the breaking of the resistance line upwards, and wave 5 can continue until the end of the 🔴resistance zone($ 27,900-$ 27,700)🔴.

After the confirmation of the end of wave 5, Bitcoin is expected to fall to the 🎯target🎯 I have specified in the chart or the 🟢support zone($ 27,260-$ 27,120)🟢.

In addition, We can also see the Regular Divergence(RD-) between the end of wave 3 and wave 5 in the RSI indicator and the probability that one of the valid RSI ⬇️SELL⬇️ signals, namely Bearish Failure Swing, will be seen in the next hour is very high.👇

Bitcoin Analyze ( OKX:BTCUSDT ), 15-minute 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 be glad to see your ideas in this post.

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Trade active

Comment:

The Bearish Failure Swing signal was done according to the analysis.😊

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Bitcoin formed a symmetric triangle in 5 minutes, which is considered a continuation pattern (mostly).

Trade closed: target reached

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Update, Good luck😉

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Bitcoin Daily Time frame.