After breaking the important downward trend line, Bitcoin seems to have passed the main corrective wave A and is on the way to completing the main corrective wave B.
If you are curious about the structure of the main wave A, I suggest you take a look at the following post.๐
If you pay attention to the microwaves in the 12-hour time frame, you will notice that Bitcoin has passed microwave A of main wave B at $25250.
Now, it seems Bitcoin has started the microwave B of the main wave B.
The structure of microwave B of the main wave B can be a zigzag correction(ABC/5-3-5).
The end of microwave A of zigzag correction(ABC/5-3-5) can end on ๐ขheavy support zone ($21660-$20330)๐ข.
Since microwave 2 of microwave A of zigzag correction was a price correction, I expect microwave 4 of microwave A of zigzag correction to experience aโฐtimeโฐ correction.
I drew the possible ๐บ๏ธroad map of Bitcoin๐บ๏ธ in my chart.
Bitcoin Analyze ( BTCUSDT ), 12-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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