Bitcoin Analyze (Fake Breaks Festival)!!!
Updated
Hi, how are you these days? someones are angry(😡) because they missed chances for buying coins at the bottom, and the other side is happy(😀) because they have coins in their pockets. what about you? are you happy(😀) or angry(😡)⁉️
Today, I want to tell a story that can change angry to happy or Conversely.
First, I have to say sorry for the busy chart, but these lines are necessary for it.
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h ⏰
Location🌊: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I believed that microwave 4 of main wave C ended at 36600$, and I thought that Bitcoin is running on Microwave 5 of main wave C, but when we lost Descending Channel (you can find it in my previous post with topic ''Bitcoin Analyze (Counting Waves + Descending Channels)!!!'')', so I changed my idea, and I think that still, we are on one of the microwaves of microwave 4 of main wave C (I will publish a post about counting waves of microwave 4, soon).
Since bitcoin passed microwave 3 of the main wave C, it has started moving on the main Descending Channel + Falling Wedge. I was able to find Point E of our falling Wedge where we can see point D of Bullish Bat Harmonic Pattern🦇 at the same time. I want to say an amazing tip when the price was able to break our falling wedge from the top or down, the price wasn't able to continue on its way more than about 2549$ (Fake Break, we saw 3 times). so this time, probably the price can arrive until 35080$ (88.6% fib point D until Point E) Or finally, the price can touch Bullish Bat's Target 3(36600$) 🦇. another tip when this happens (fake breaks), the price comes back to our Falling Wedge with high Slope. also, I tried to show you TRZ⏰ (Time Reversal Zone) on my chart (at these TRZ⏰, probably we can see reversal).
so if you have coins, please don't be happy and Conversely😀.
MACD (Timeframe 8h ⏰): We have Hidden Divergence (HD-) between MACD and Price, Until Now.👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$) or 36600$, then we can think about buying coins.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Today, I want to tell a story that can change angry to happy or Conversely.
First, I have to say sorry for the busy chart, but these lines are necessary for it.
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h ⏰
Location🌊: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I believed that microwave 4 of main wave C ended at 36600$, and I thought that Bitcoin is running on Microwave 5 of main wave C, but when we lost Descending Channel (you can find it in my previous post with topic ''Bitcoin Analyze (Counting Waves + Descending Channels)!!!'')', so I changed my idea, and I think that still, we are on one of the microwaves of microwave 4 of main wave C (I will publish a post about counting waves of microwave 4, soon).
Since bitcoin passed microwave 3 of the main wave C, it has started moving on the main Descending Channel + Falling Wedge. I was able to find Point E of our falling Wedge where we can see point D of Bullish Bat Harmonic Pattern🦇 at the same time. I want to say an amazing tip when the price was able to break our falling wedge from the top or down, the price wasn't able to continue on its way more than about 2549$ (Fake Break, we saw 3 times). so this time, probably the price can arrive until 35080$ (88.6% fib point D until Point E) Or finally, the price can touch Bullish Bat's Target 3(36600$) 🦇. another tip when this happens (fake breaks), the price comes back to our Falling Wedge with high Slope. also, I tried to show you TRZ⏰ (Time Reversal Zone) on my chart (at these TRZ⏰, probably we can see reversal).
so if you have coins, please don't be happy and Conversely😀.
MACD (Timeframe 8h ⏰): We have Hidden Divergence (HD-) between MACD and Price, Until Now.👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$) or 36600$, then we can think about buying coins.
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.
Note
Bullish Bat's Target 2 🦇 was touched.Note
Seems, First TRZ was activated.Note
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