🚨☠️Dead Cross☠️ Happened🚨
Updated
💡First, I must say that the most important thing that happened a few minutes ago was the ☠️Dead Cross Signal☠️.
📚☠️Dead Cross Signal☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.
📚🥇Golden Cross Signal🥇: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
🌊Bitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
🌊Currently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
🌊After breaking the Uptrend line, we confirmed the end of the Main Wave 5.
🌊Bitcoin is currently completing the first corrective wave, Wave A, in the 🟢Heavy Support zone($25,280-$23,900)🟢.
🔔I expect Bitcoin to start rising again from the 🟢Heavy Support zone($25,280-$23,900)🟢 and get back near the upper line of the descending channel and then fall again and break the 🟢Heavy Support zone($25,280-$23,900)🟢 and fall to the🟡Price Reversal Zone(PRZ)🟡 and fill the 🔵CME Gap🔵. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5)).
Bitcoin Analyze ( BTCUSDT ), Daily 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 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.
📚☠️Dead Cross Signal☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.
📚🥇Golden Cross Signal🥇: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
🌊Bitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
🌊Currently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
🌊After breaking the Uptrend line, we confirmed the end of the Main Wave 5.
🌊Bitcoin is currently completing the first corrective wave, Wave A, in the 🟢Heavy Support zone($25,280-$23,900)🟢.
🔔I expect Bitcoin to start rising again from the 🟢Heavy Support zone($25,280-$23,900)🟢 and get back near the upper line of the descending channel and then fall again and break the 🟢Heavy Support zone($25,280-$23,900)🟢 and fall to the🟡Price Reversal Zone(PRZ)🟡 and fill the 🔵CME Gap🔵. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5)).
Bitcoin Analyze ( BTCUSDT ), Daily 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 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.
Note
I like Dead Cross better than Death Cross.Trade active
Note
I identified the end of the main wave A after the downtrend line broke, and I expect Bitcoin to reach the upper line of the descending channel.
Note
The first target of Bitcoin will be $27,340(38.2% Fibonacci).
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