Hi guys, I hope that you had a great weekend.🥳
✅Bitcoin seems to have managed to break the Important Resistance line (at least temporarily) and is currently completing a pullback to this line.
🏃Currently, Bitcoin is moving near the 🟢Support zone($27,100-$27,040)🟢and SMA(100).
🏁In terms of classic technical analysis, it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern.
🌊The structure of the waves inside the Flag is the Double Three Correction(WXY) type.
🔔I expect Bitcoin to rise toward the 🔴Resistance zone($27,600-$27,300)🔴 after breaking the upper line of the descending channel.
❗️Note❗️: if Bitcoin goes below the 🟢Support zone($27,100-$27,060)🟢 we have to expect that Bitcoin will go down more.
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🌐➕Positive News➕🌐:
In general, October has been a good month for cryptocurrencies.
🌐➖Negative News➖🌐:
New U.S. Bill Proposes Enhanced Oversight for Cryptocurrency Transactions
Gemini Crypto Exchange Exits Dutch Market.
Major Exchange Experienced $116 Million in Outflow in Ethereum, Bitcoin, and USDT.
Fornite Developer Cuts 16% of Workforce Amid Metaverse Revenue Shortfall.
SEC Files Lawsuit Against FTX Auditor.
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Bitcoin Analyze ( 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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