Bitcoin Roadmap!!!
Updated
Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600).
From the point of view of Classical Technical Analysis, it seems that Bitcoin has formed a Falling Wedge Reversal Pattern, and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin.
From the point of view of Elliott wave theory, Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5), which was the end of wave C, $55,600.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
A head and shoulders pattern could form, causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible👇
I expect Bitcoin to move according to the movements I have outlined in the chart.
Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).
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 and updates; 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.
From the point of view of Classical Technical Analysis, it seems that Bitcoin has formed a Falling Wedge Reversal Pattern, and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin.
From the point of view of Elliott wave theory, Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5), which was the end of wave C, $55,600.
Also, we can see Regular Divergence(RD+) between Consecutive Valleys.
A head and shoulders pattern could form, causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible👇
I expect Bitcoin to move according to the movements I have outlined in the chart.
Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).
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 and updates; 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.
Order cancelled
As I mentioned, " if the upper line of this pattern breaks, we can expect a further increase in Bitcoin.
&If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least).
You can search for a Short position.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
lbank.one/join/uu1DKdN
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.