💡For the umpteenth time, Bitcoin is trying to break the 🟡Price Reversal Zone(PRZ)🟡 and a cluster of important Resistances (Pivots). But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel, to break this critical area.
🌊In terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at 🟡Price Reversal Zone(PRZ)🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
⏰If we look at the 4-hour time frame, we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢Support zone($36,000_$35,560)🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡Price Reversal Zone(PRZ)🟡 to break.👇
🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢Support zone($36,000_$35,560)🟢 and Support lines.
❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡Price Reversal Zone(PRZ)🟡will be broken and my 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).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊In terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at 🟡Price Reversal Zone(PRZ)🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
⏰If we look at the 4-hour time frame, we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢Support zone($36,000_$35,560)🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡Price Reversal Zone(PRZ)🟡 to break.👇
🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢Support zone($36,000_$35,560)🟢 and Support lines.
❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡Price Reversal Zone(PRZ)🟡will be broken and my 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).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dagangan aktif
Counting waves changed a little, but still valid.
Nota
If Bitcoin breaks the uptrend line, we can hope for further decline.Nota
Bitcoin was able to break the uptrend line.Nota
Usually, the trading volume is low on Saturday and Sunday, and the main movement is expected to take place on Monday.Dagangan ditutup: sasaran tercapai
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.