đĄFirst, I must say that the most important thing that happened a few minutes ago was the â ïžDead Cross Signalâ ïž.
đâ ïžDead Cross Signalâ ïž: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.
đđ„Golden Cross Signalđ„: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
đBitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
đCurrently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
đAfter breaking the Uptrend line, we confirmed the end of the Main Wave 5.
đBitcoin is currently completing the first corrective wave, Wave A, in the đąHeavy Support zone($25,280-$23,900)đą.
đI expect Bitcoin to start rising again from the đąHeavy Support zone($25,280-$23,900)đą and get back near the upper line of the descending channel and then fall again and break the đąHeavy Support zone($25,280-$23,900)đą and fall to theđĄPrice Reversal Zone(PRZ)đĄ and fill the đ”CME Gapđ”. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5)).
Bitcoin Analyze ( BTCUSDT ), Daily 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 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.
đâ ïžDead Cross Signalâ ïž: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.
đđ„Golden Cross Signalđ„: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
đBitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
đCurrently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
đAfter breaking the Uptrend line, we confirmed the end of the Main Wave 5.
đBitcoin is currently completing the first corrective wave, Wave A, in the đąHeavy Support zone($25,280-$23,900)đą.
đI expect Bitcoin to start rising again from the đąHeavy Support zone($25,280-$23,900)đą and get back near the upper line of the descending channel and then fall again and break the đąHeavy Support zone($25,280-$23,900)đą and fall to theđĄPrice Reversal Zone(PRZ)đĄ and fill the đ”CME Gapđ”. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5)).
Bitcoin Analyze ( BTCUSDT ), Daily 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 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.
Kommentera:
I like Dead Cross better than Death Cross.
Handel aktiv
Kommentera:
I identified the end of the main wave A after the downtrend line broke, and I expect Bitcoin to reach the upper line of the descending channel.
I identified the end of the main wave A after the downtrend line broke, and I expect Bitcoin to reach the upper line of the descending channel.
Kommentera:
The first target of Bitcoin will be $27,340(38.2% Fibonacci).
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