🚨☠️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.
Comment
I like Dead Cross better than Death Cross.Trade active
Comment
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.
Comment
The first target of Bitcoin will be $27,340(38.2% Fibonacci).
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
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.