Bitcoin Long-term Analyze (Monthly Time frame)📆

Bitcoin / TetherUS (BINANCE:BTCUSDT)

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BINANCE:BTCUSDT Bitcoin / TetherUS

fibonacci crabpattern triangle btcusdt symmetricaltriangle eveningstardoji deepcrabpatterns longterm circle monthly

Today, I want to speak about Bitcoin's Long-term Analyze (Monthly Time frame).

First, For long-term analysis, it is better to use logarithmic charts (Do not forget, if you want to use fibs , you have to turn on Fib Levels based on log scale). I was able to find 4 Major pivots on the BTCUSDT chart, these pivots were able to make a Symmetrical Triangle.

Also, around 65761$ I found == Bearish Deep Crab Harmonic Pattern + Bearish Doji Evening Star Pattern ( it can verify our harmonic pattern / This pattern can make reverse or range on charts) + yearly Resistance 3

For finding the Next Major Pivot, first, we have to know the rules of Major pivots. If point D of our harmonic pattern wants to be a major pivot, the price must return at least 38.2% of point C to D (This rule makes Scenario 2) OR price has to rest (at the time) at least 38.2% of point C to D (This rule makes Scenario 1).

In addition, I found one circle on the Monthly Time frame. BTC wants about 13 months or one year to start the next bullish movement. This circle will happen again? 🧐

As I said, I have two Scenarios:

Scenario 1: BTC will run between 30000$ until 40000$ (Range channel) for at least about 2 months and 22day (If Point D wants to be a Major pivot/Time Retracement) OR Maximum until May 2022 😱. I think that after this correction price can go UP 80$k-91$k // 104$k-107$k// even 130$k-140$k.

Scenario 2: BTC will go down until 22000$ - 19900$ (If Point D wants to be a Major pivot/Price Retracement). I think that after this correction price can go UP 81$k-871$k // 119$k-128$k.

My Suggestion: please DO NOT buy Coins for Midterm and Long-term investment until the market finds a way.

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 be glad to see your ideas on this post.

Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.

Good luck

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