End of Correction and Beginning of Rise of Bitcoin🚀(Short-term)
Updated
Hi everyone👋.
I hope you have a great weekend.🥳🥳🥳.
Today I want to analyze the structure of the waves during the last 4 days.
🌊The 5 impulsive waves that Bitcoin created were due to the of 🌐MicroStrategy News🌐 and then started to form corrective waves.
🌊The structure of Bitcoin correction waves is Double Three Correction(WXY).
🌊Bitcoin seems to have completed the main wave Y in the 🟡Price Reversal Zone(PRZ)🟡.
🌊Bitcoin needs to break the resistance lines to the upside to confirm the end of the main wave Y.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔This low swing movement is predictable since Volume Trading on Saturdays and Sundays is generally low. I expect Bitcoin to start going up and breaking the resistance lines and reaching the 🎯target🎯 in the 🔴resistance zone($29,850-$29,480)🔴.
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🌐➕Positive News➕🌐:
Crypto Asset Manager Grayscale Predicts CBDC Support from Next US President, Finds No Red vs. Blue Divide in Crypto Stance.
Binance Users Reach 150 Million, CZ Reveals.
Bank of Russia reveals digital ruble’s logo and commission fees.
‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video.
🌐➖Negative News➖🌐:
Crypto Market’s Fate Is Tied to the S&P 500, Warns Crypto Analyst.
XRP Almost Erasing Post-Ruling Gains.
Crypto Hedge Funds Are Being Hit by Shutdowns, Lagging Returns in 2023.
Centralized exchange trading volumes hit yearly low, though South Korean exchanges resist trend.
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Bitcoin Analyze ( BTCUSDT ), 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
I hope you have a great weekend.🥳🥳🥳.
Today I want to analyze the structure of the waves during the last 4 days.
🌊The 5 impulsive waves that Bitcoin created were due to the of 🌐MicroStrategy News🌐 and then started to form corrective waves.
🌊The structure of Bitcoin correction waves is Double Three Correction(WXY).
🌊Bitcoin seems to have completed the main wave Y in the 🟡Price Reversal Zone(PRZ)🟡.
🌊Bitcoin needs to break the resistance lines to the upside to confirm the end of the main wave Y.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys.
🔔This low swing movement is predictable since Volume Trading on Saturdays and Sundays is generally low. I expect Bitcoin to start going up and breaking the resistance lines and reaching the 🎯target🎯 in the 🔴resistance zone($29,850-$29,480)🔴.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Crypto Asset Manager Grayscale Predicts CBDC Support from Next US President, Finds No Red vs. Blue Divide in Crypto Stance.
Binance Users Reach 150 Million, CZ Reveals.
Bank of Russia reveals digital ruble’s logo and commission fees.
‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video.
🌐➖Negative News➖🌐:
Crypto Market’s Fate Is Tied to the S&P 500, Warns Crypto Analyst.
XRP Almost Erasing Post-Ruling Gains.
Crypto Hedge Funds Are Being Hit by Shutdowns, Lagging Returns in 2023.
Centralized exchange trading volumes hit yearly low, though South Korean exchanges resist trend.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 1-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 be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade closed: target reached
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📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
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