A, B, and D = Support Line, We can see the price of BTCUSD under $40,000 was visible using Elliot Triangle wave.
C, E still holds a good resistance for BTC if it can beat the $44,000 range using heikin Ashi crossing 44,857.61.
In every day time span Chart, Bitcoin Has been Moving in Descending Channel from most recent 5 Months.
From most recent couple of Days, Bitcoin Bulls are in Complete Control and Doing Outstanding Job.
At the Moment, Bitcoin is going towards the Crucial Resistance (44k), If Bulls Break this Resistance With Strong Volume , Expecting Huge Bullish Wave in Midterm.
In Worst Case, If Bitcoin Bulls lost the EMA200 (38.7k) then, at that point Bitcoin Might Retest the 30-32k Support Area ..
📍I'm Bullish On Bitcoin and Waiting for Breakout, Always Wait for Confirmed Breakout and Candle to Close and Only then, at that point ENTER..
C, E still holds a good resistance for BTC if it can beat the $44,000 range using heikin Ashi crossing 44,857.61.
In every day time span Chart, Bitcoin Has been Moving in Descending Channel from most recent 5 Months.
From most recent couple of Days, Bitcoin Bulls are in Complete Control and Doing Outstanding Job.
At the Moment, Bitcoin is going towards the Crucial Resistance (44k), If Bulls Break this Resistance With Strong Volume , Expecting Huge Bullish Wave in Midterm.
In Worst Case, If Bitcoin Bulls lost the EMA200 (38.7k) then, at that point Bitcoin Might Retest the 30-32k Support Area ..
📍I'm Bullish On Bitcoin and Waiting for Breakout, Always Wait for Confirmed Breakout and Candle to Close and Only then, at that point ENTER..
