BITCOIN UPDATE

2023년 6월 27일

Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.

First of all, Wishing everyone a profitable and productive week! Today is Monday, and I have some information to share with you. 📰
Last week was nice, and yesterday we witnessed the highest weekly candle close of the year. This week will also mark the monthly close, which is expected to show significant growth. 📈
Since the beginning of the year, Bitcoin has been moving within an ascending channel, forming new HH's and HL's. The correction from 30k was highly predictable, and I have been mentioning it for the past two months. Now, I will share my outlook on future events, and this post will serve as an addition to my recent BTC 1D TF chart. 🔙
The 200MA and 200EMA have performed exceptionally well, and as I mentioned before, I anticipate further growth for BTC in the near future due to several reasons:
1️⃣ The sweep of the high at the 32k level ;
2️⃣ Liq. grab from the monthly FVG ;
3️⃣ The 3.618 level as the next Fib. target ;
4️⃣ The "Manipulation" stage according to PO3 ;
5️⃣ The fifth wave according to Elliot Wave theory ;
6️⃣ Additionally, there is a MACD Bullish Cross.
💡 Remember - Dips are for buying! In the near future, focus more on long positions rather than short ones !
🔜 Further updates will be provided as new developments unfold !