Bitcoin Roadmap!!!

4 Sep 2024

Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600).

From the point of view of Classical Technical Analysis, it seems that Bitcoin has formed a Falling Wedge Reversal Pattern, and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin.

From the point of view of Elliott wave theory, Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5), which was the end of wave C, $55,600.

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

A head and shoulders pattern could form, causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible👇


I expect Bitcoin to move according to the movements I have outlined in the chart.

Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).

Bitcoin Analyze (BTCUSDT), 4-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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6 Sep 2024

Pesanan dibatalkan

As I mentioned, " if the upper line of this pattern breaks, we can expect a further increase in Bitcoin.

&If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).

You can search for a Short position.