đĄBitcoin is trying to break the Descending Channel during these hours.
đĄAlso, for the second time, Bitcoin is trying to break one of the important đĄPrice Reversal Zone(PRZ)đĄ.
đAccording to the theory of Elliott waves, if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3, otherwise microwave 4 can have a structure similar to Double Three Correction(WXY).
đI expect the end of the main wave 3 to be at or slightly above the upper end of theđĄPrice Reversal Zone(PRZ)đĄ, so we should expect a đźBull Trapđź in the higher of the đĄPrice Reversal Zone(PRZ)đĄ.
đFinally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall đŻTargetsđŻ can be Support lines and đ”CME Gapsđ”.
đĄIn the end, I must say that wave counting during these last few weeks was one of the most challenging analyses in terms of Elliott's theory.
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
đĄAlso, for the second time, Bitcoin is trying to break one of the important đĄPrice Reversal Zone(PRZ)đĄ.
đAccording to the theory of Elliott waves, if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3, otherwise microwave 4 can have a structure similar to Double Three Correction(WXY).
đI expect the end of the main wave 3 to be at or slightly above the upper end of theđĄPrice Reversal Zone(PRZ)đĄ, so we should expect a đźBull Trapđź in the higher of the đĄPrice Reversal Zone(PRZ)đĄ.
đFinally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall đŻTargetsđŻ can be Support lines and đ”CME Gapsđ”.
đĄIn the end, I must say that wave counting during these last few weeks was one of the most challenging analyses in terms of Elliott's theory.
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
Handel aktiv:
Long
Kommentera:
Risk free was touched for Long Position
Handel aktiv:
Short Position
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đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đGet a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3