🗺️Bitcoin Roadmap🗺️⏰(4-Hour)⏰
Updated
💡Bitcoin is trying to break the Descending Channel during these hours.
💡Also, for the second time, Bitcoin is trying to break one of the important 🟡Price Reversal Zone(PRZ)🟡.
🌊According to the theory of Elliott waves, if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3, otherwise microwave 4 can have a structure similar to Double Three Correction(WXY).
🔔I expect the end of the main wave 3 to be at or slightly above the upper end of the🟡Price Reversal Zone(PRZ)🟡, so we should expect a 🐮Bull Trap🐮 in the higher of the 🟡Price Reversal Zone(PRZ)🟡.
🔔Finally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall 🎯Targets🎯 can be Support lines and 🔵CME Gaps🔵.
💡In the end, I must say that wave counting during these last few weeks was one of the most challenging analyses in terms of Elliott's theory.
❗️⚠️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.
💡Also, for the second time, Bitcoin is trying to break one of the important 🟡Price Reversal Zone(PRZ)🟡.
🌊According to the theory of Elliott waves, if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3, otherwise microwave 4 can have a structure similar to Double Three Correction(WXY).
🔔I expect the end of the main wave 3 to be at or slightly above the upper end of the🟡Price Reversal Zone(PRZ)🟡, so we should expect a 🐮Bull Trap🐮 in the higher of the 🟡Price Reversal Zone(PRZ)🟡.
🔔Finally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall 🎯Targets🎯 can be Support lines and 🔵CME Gaps🔵.
💡In the end, I must say that wave counting during these last few weeks was one of the most challenging analyses in terms of Elliott's theory.
❗️⚠️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.
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