đââïžBitcoin re-entered the đĄPrice Reversal Zone(PRZ)đĄ and is currently moving in this zone.
đIf we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.
đIn terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
đĄAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)
đI expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the đąSupport
zone($36,000_$35,560)đą.
âïžâ ïžNoteâ ïžâïž: If BTC can break the đĄPRZđĄ, the Scenario will change.
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.
đIf we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.
đIn terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
đĄAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)
đI expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the đąSupport
zone($36,000_$35,560)đą.
âïžâ ïžNoteâ ïžâïž: If BTC can break the đĄPRZđĄ, the Scenario will change.
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.
Kommentera:
BTC can deop from the current price.
Maybe BTC will not touch the upper line of Rising Wedge Pattern.
Maybe BTC will not touch the upper line of Rising Wedge Pattern.
Kommentera:
If BTC can break the lower line of the Rising Wedge Pattern, most probably BTC will touch the đąSupport zone($36,000_$35,560)đą.
Trade stÀngt: mÄlet nÄtt:
BTC was able to touch the lower line of Rising Wedge.
Kommentera:
The upward trend up to the upper line of the Rising Wedge was also done by buying a microstrategy.
đReal & Accurcy Free & VIP Signalsđ t.me/ProTrader_365
đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đif you want to learn Technical Analysis = Please Contact međ t.me/Ad_ProTrader365
đPlease follow us on Telegram for more analysis.đ t.me/ProTrader_365
đif you want to learn Technical Analysis = Please Contact međ t.me/Ad_ProTrader365
Bearish Crab Harmonic Pattern can trigger us. (15-minute time frame).