๐กFor the umpteenth time, Bitcoin is trying to break the ๐กPrice Reversal Zone(PRZ)๐ก 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.
๐In terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at ๐กPrice Reversal Zone(PRZ)๐ก.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
โฐIf 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 ๐ขSupport zone($36,000_$35,560)๐ข to break, and if it starts to increase again from the lower line, we can wait for the ๐กPrice Reversal Zone(PRZ)๐ก to break.๐
๐I 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 ๐ขSupport zone($36,000_$35,560)๐ข and Support lines.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can go above $38,520, we can hope that the ๐กPrice Reversal Zone(PRZ)๐กwill be broken and my scenario will change.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐In terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at ๐กPrice Reversal Zone(PRZ)๐ก.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
โฐIf 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 ๐ขSupport zone($36,000_$35,560)๐ข to break, and if it starts to increase again from the lower line, we can wait for the ๐กPrice Reversal Zone(PRZ)๐ก to break.๐
๐I 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 ๐ขSupport zone($36,000_$35,560)๐ข and Support lines.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can go above $38,520, we can hope that the ๐กPrice Reversal Zone(PRZ)๐กwill be broken and my scenario will change.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
์กํฐ๋ธ ํธ๋ ์ด๋:
Counting waves changed a little, but still valid.
Counting waves changed a little, but still valid.
์ฝ๋ฉํธ:
If Bitcoin breaks the uptrend line, we can hope for further decline.
์ฝ๋ฉํธ:
Bitcoin was able to break the uptrend line.
์ฝ๋ฉํธ:
Usually, the trading volume is low on Saturday and Sunday, and the main movement is expected to take place on Monday.
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์
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