🚨Bitcoin Analysis(Turn of the Bears)🚨

✅As I expected in the previous post, Bitcoin was able to make a new top (although the price difference was very small).

❌Bitcoin failed to break the 🟡Price Reversal Zone(PRZ)🟡 and Important Resistance lines in its second attack.

🌊According to the theory of Elliott waves, the new top that Bitcoin created tells us that the main wave 3 is finally over with all its challenges and we should wait for the correction waves of the main wave 4.

💡Also, two tops of almost the same price of Bitcoin can cause the formation of a Double Top Pattern.

💡In addition, the Regular Divergence(RD-) between consecutive tops is another sign that gives the possibility of forming a Double Top Pattern.

📚As you know, the Double Top Pattern has four types, and here it seems that we have to wait for the formation of the Adam & Adam Double Top (AADT).

💡I expect Bitcoin to start falling in the coming hours break the Neckline and continue to decline until at least the first 🔵CME Gaps🔵(There is a possibility of more corrections).

❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.

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; 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.

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Kommentera:

Still valid