🚨Bitcoin is Ready for Correction🚨
Updated
✅Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again (MicroStrategy helped in this movement by buying $600 million of Bitcoin).
📚The Ending Diagonal Pattern (Elliot's point of view) is the same as the Rising Wedge Pattern (Classical Analysis point of view).
🌊According to the theory of Elliott waves, Bitcoin is at the end of the main wave 3, so to complete this wave, microwave 5 of the main wave 3 had an Ending Diagonal structure.
💡In my opinion, the Ending Diagonal Pattern is standard so that the Fibonacci ratios are consistent with this pattern, as well as Regular Divergence(RD-) between Consecutive Peaks.
🔔I expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to 🟢Support zone($36,000_$35,280)🟢 or maybe Fill the lower 🔵CME Gaps🔵.
❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📚The Ending Diagonal Pattern (Elliot's point of view) is the same as the Rising Wedge Pattern (Classical Analysis point of view).
🌊According to the theory of Elliott waves, Bitcoin is at the end of the main wave 3, so to complete this wave, microwave 5 of the main wave 3 had an Ending Diagonal structure.
💡In my opinion, the Ending Diagonal Pattern is standard so that the Fibonacci ratios are consistent with this pattern, as well as Regular Divergence(RD-) between Consecutive Peaks.
🔔I expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to 🟢Support zone($36,000_$35,280)🟢 or maybe Fill the lower 🔵CME Gaps🔵.
❗️⚠️Note⚠️❗️: If BTC can break the 🟡PRZ🟡, the Scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
As I said before, if 🟡PRZ🟡breaks, the scenario will change.
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