Bitcoin Roadmap!!!(New ATH)
Updated
Bitcoin(
BTCUSDT) started pumping after it was almost certain that Donald Trump was the future president of the United States because Donald Trump announced his support for cryptocurrency during the last year.
In terms of Classic Technical Analysis, Bitcoin started pumping with the help of the Descending Broadening Wedge Pattern. (Educational).
Bitcoin has already managed to break the Heavy Resistance zone($73,900-$70,900), but it has entered an important Potential Reversal Zone(PRZ)[$73,700-$83,000]; we have to see how long it can continue.
According to the Elliott wave theory, Bitcoin succeeded in completing the Double Three Correction(WXY) and is currently completing wave 4.
I expect Bitcoin to start rising again from one of the Targets I have identified on the chart and at least rise to the upper line of the ascending channel. It probably needs Bitcoin correction to create another New All-Time High(ATH).
⚠️If Bitcoin goes below the Heavy Resistance zone($73,900-$70,900), we should expect more dumps.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
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.
BTCUSDT) started pumping after it was almost certain that Donald Trump was the future president of the United States because Donald Trump announced his support for cryptocurrency during the last year.In terms of Classic Technical Analysis, Bitcoin started pumping with the help of the Descending Broadening Wedge Pattern. (Educational).
Bitcoin has already managed to break the Heavy Resistance zone($73,900-$70,900), but it has entered an important Potential Reversal Zone(PRZ)[$73,700-$83,000]; we have to see how long it can continue.
According to the Elliott wave theory, Bitcoin succeeded in completing the Double Three Correction(WXY) and is currently completing wave 4.
I expect Bitcoin to start rising again from one of the Targets I have identified on the chart and at least rise to the upper line of the ascending channel. It probably needs Bitcoin correction to create another New All-Time High(ATH).
⚠️If Bitcoin goes below the Heavy Resistance zone($73,900-$70,900), we should expect more dumps.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
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.
Trade active
It seems that the upper line of the ascending channel and Cumulative Short Liquidation Leverage can show us the end of wave 5.
👑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.