đĄFor the umpteenth time, Bitcoin is trying to break the đĄPrice Reversal Zone(PRZ)đĄ 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.
đIn terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at đĄPrice Reversal Zone(PRZ)đĄ.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
â°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 đąSupport zone($36,000_$35,560)đą to break, and if it starts to increase again from the lower line, we can wait for the đĄPrice Reversal Zone(PRZ)đĄ to break.đ
đI 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 đąSupport zone($36,000_$35,560)đą and Support lines.
âïžâ ïžNoteâ ïžâïž: If Bitcoin can go above $38,520, we can hope that the đĄPrice Reversal Zone(PRZ)đĄwill be broken and my scenario will change.
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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.
đIn terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at đĄPrice Reversal Zone(PRZ)đĄ.
đĄAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
â°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 đąSupport zone($36,000_$35,560)đą to break, and if it starts to increase again from the lower line, we can wait for the đĄPrice Reversal Zone(PRZ)đĄ to break.đ
đI 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 đąSupport zone($36,000_$35,560)đą and Support lines.
âïžâ ïžNoteâ ïžâïž: If Bitcoin can go above $38,520, we can hope that the đĄPrice Reversal Zone(PRZ)đĄwill be broken and my scenario will change.
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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:
Counting waves changed a little, but still valid.
Counting waves changed a little, but still valid.
Kommentera:
If Bitcoin breaks the uptrend line, we can hope for further decline.
Kommentera:
Bitcoin was able to break the uptrend line.
Kommentera:
Usually, the trading volume is low on Saturday and Sunday, and the main movement is expected to take place on Monday.
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