🥊 All ways for Bitcoin 🥊
Updated
Hi, thanks for spending your time on my posts 🙏.
Bitcoin Analyze (BTCUSDT) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines).
We saw a great pump for about 1 day and 8 hours 😱 (One of the reasons was for Elon Musk's Group (Tesla)). Ascent slop was 70 degrees (normal degree is 45), so I expected that the uptrend will not continue like before (it's like ❄️snowing❄️, when we are watching heavy snowing, most of the time snowing will stop soon).
Location: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). If you followed my posts, we found End of microwave 4 of main wave C (40840$ on Descending Triangle). after that we had to find the end of microwave 5 of main wave C (End of our correction). If the price goes UP over 42400$, I can say that the end of microwave 5 is 33179$ (Point D on our chart), also we are on 5 new impulsive waves. Otherwise, microwave 5 will be the complex type (WXY_WXYXZ).
Patterns: Bitcoin was able to make Descending Triangle, but this pattern failed yesterday by that pump (Pay attention to Point E). At our triangle, I found a Reverse Head and Shoulder Pattern that the upper line of our triangle was the necking line of this pattern + Bullish Flag pattern (Inside of our triangle).
In addition, I tried to show you our Resistance Zones that we have in front of Bitcoin.
Resistance zones on Bitcoin's way (Respectively):
Resistance zone: 41340$ until 40800$ (Resistance + Cluster of Fibs)/ The price is behind it right now == Medium Resistance
Resistance zone: 42250$ until 4225$ (Monthly Pivot Point + Bearish AB=CD Harmonic Pattern + Cluster of Fibs + Pitchfork's line + Fib circle)/ I don't think that Price can break this zone just with one test.== Heavy Resistance, pay attention to green Rectangle.
Resistance zone: 44280$ until 44071$ (Bullish Flag Pattern's Target + Cluster of Fibs + point D of Bearish Deep Crab🦞 ) == Medium Resistance
Resistance zone: 46186$ until 45320$ (Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target )/ == Heavy Resistance
My Suggestion: First Altseason has ended ( i am talking about now), so better, we try on Bitcoin For buying or open Long positions/ If you find triggers for buying bitcoin, please do not buy your fund just in one step, enter in your trade with 2 or 3 steps// if you want to find triggers for Short positions, you can concentrate on TRZ and Resistance zones, especially on a green Rectangle.// Also, you can watch my Hypothetical ways, I will try to update.
Again sorry for the busy chart, if you have questions, please write them below this post. (If you like my explanation, please like✅ my post.
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.
Good luck
Bitcoin Analyze (BTCUSDT) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines).
We saw a great pump for about 1 day and 8 hours 😱 (One of the reasons was for Elon Musk's Group (Tesla)). Ascent slop was 70 degrees (normal degree is 45), so I expected that the uptrend will not continue like before (it's like ❄️snowing❄️, when we are watching heavy snowing, most of the time snowing will stop soon).
Location: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). If you followed my posts, we found End of microwave 4 of main wave C (40840$ on Descending Triangle). after that we had to find the end of microwave 5 of main wave C (End of our correction). If the price goes UP over 42400$, I can say that the end of microwave 5 is 33179$ (Point D on our chart), also we are on 5 new impulsive waves. Otherwise, microwave 5 will be the complex type (WXY_WXYXZ).
Patterns: Bitcoin was able to make Descending Triangle, but this pattern failed yesterday by that pump (Pay attention to Point E). At our triangle, I found a Reverse Head and Shoulder Pattern that the upper line of our triangle was the necking line of this pattern + Bullish Flag pattern (Inside of our triangle).
In addition, I tried to show you our Resistance Zones that we have in front of Bitcoin.
Resistance zones on Bitcoin's way (Respectively):
Resistance zone: 41340$ until 40800$ (Resistance + Cluster of Fibs)/ The price is behind it right now == Medium Resistance
Resistance zone: 42250$ until 4225$ (Monthly Pivot Point + Bearish AB=CD Harmonic Pattern + Cluster of Fibs + Pitchfork's line + Fib circle)/ I don't think that Price can break this zone just with one test.== Heavy Resistance, pay attention to green Rectangle.
Resistance zone: 44280$ until 44071$ (Bullish Flag Pattern's Target + Cluster of Fibs + point D of Bearish Deep Crab🦞 ) == Medium Resistance
Resistance zone: 46186$ until 45320$ (Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target )/ == Heavy Resistance
My Suggestion: First Altseason has ended ( i am talking about now), so better, we try on Bitcoin For buying or open Long positions/ If you find triggers for buying bitcoin, please do not buy your fund just in one step, enter in your trade with 2 or 3 steps// if you want to find triggers for Short positions, you can concentrate on TRZ and Resistance zones, especially on a green Rectangle.// Also, you can watch my Hypothetical ways, I will try to update.
Again sorry for the busy chart, if you have questions, please write them below this post. (If you like my explanation, please like✅ my post.
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.
Good luck
Note
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