#BTC Possible scenarios of the movement path
Updated
In D1, after the correction from the ceiling of the $69,000 range, it has made a correction in the form of a complete cycle. It is currently moving in a medium-term ascending channel. The current structure of a triple wave has moved up. This corrective wave, if it breaks the range of $37500 downwards, can continue the correction at least until the support range (green box). There are two possible scenarios. 1- Maintaining the range of $37500 and the 78% Fibo break above, which should form a complete cycle and will continue to be an upward trend. 2- The second scenario, if the range of $37,500 is broken downwards, the first correction target will be the support range, which should not be broken at the range of $25,000, in which case the targets of $21,875 and $18,750 will be available. Currently, the optimistic scenario is the first scenario, which maintains the range of $37,500 to continue the upward trend and the failure of 78% Fibo will continue the upward trend.
Note that Bitcoin has an inverse relationship most of the time.
Note that Bitcoin has an inverse relationship most of the time.
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HIGH RISK...Note
SCALP...HIGH RISK...
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SCALP...High Risk...
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The red candle has broken the range of the blue band, probably it should have a correction... we need to have confirmation to continue the position on this line.Note
Dynamic break trigger and then pull back and continue...Note
Wait until this area is decided and then enter the position. If the green candle closes above, the ascending path will touch the previous bottom if it is rejected.Note
After breaking the zone, it touched first target...Note
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#DXYThe reverse head and shoulder pattern can be seen in time d1, which is pulling back with the failure of the trigger, and by completing it and confirming its return to the fragmented area, which is the previous supply area, it is possible to see a reverse trend on crypto markets #BTCUSDT , as well as currency pairs and gold. be a witness So keep in mind that we should probably see a reversal in the financial markets over the next several days.
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With the formation of a reverse head and shoulder pattern, it has moved to the supply zone according to the path that is currently in the supply zone. With the support of the $43,750 area, it will have the ability to grow to $50,000 and then $53,000. Note that if the candle closes below the 43750 area in the daily time, it can take a bearish guard. If the behavior and structure of the post changes, I will update it.Note
According to the movement path of the king of crypto, he reached the first specified target of the 0.78 Fibo range of his previous wave. The most important support to continue the path for the short target of 50800 and 51500 is the support of 46880. But to reach the second specified target, it must stabilize above $50,000. The failure of 51.500 paves an upward path for him. But if it doesn't have the break strength of 51.500, it will probably correct to 46880 support. So be sure to keep this important in mind.Note
According to the analysis of the dollar index, after the E lag correction, it got out of density, which also caused the correction of Bitcoin, which I warned before.Note
After a short dump in the lower timeframe in the Fibo 0.78 area, which occurred according to the dollar index chart, Bitcoin is entering the specified supply area, which we should probably see a reaction. In the daily time, the important resistance zone is the $50,000 range, which, as mentioned, is the 0.78 Fibo wave A or the previous major ceiling. If this area is completely broken, it will become a support area for it. It is also clear in the picture that if the supply area faces selling pressure, the 0.78 Fibo range can be relied upon as a support to continue the upward path up to the previous ceiling. But if the zone is lost, the first important support zone will be 46880 and then 43750. Therefore, we have to witness the reaction in the region to check the possible scenarios to continue.Note
To give you more details, we are currently in wave 3 of 5 cycle C. Therefore, I expect that either in the range of the red box, where the intersection of Fibo 0.78 of the previous wave is with 1.618 of wave 3, it will face a reaction and enter wave 4 of short correction, and another wave, which will be wave 5 of 5, which I will check further. Therefore, according to the presented analysis, according to the data, this motivational wave will probably touch the previous major ceiling, which we will probably see in wave 5 of 5. If the behavior and structure of the post changes, it will be updated.Note
According to the analysis and expectations, after reaching the supply area, it faced a negative reaction. Now, in the h1 time frame, it can have two movement paths, this will continue up to the range of 0.78 Fibo or $50,000 and a return to the broken neckline. But if the $50,000 range is broken, it will have the ability to correct the previous floor.Note
It can touch the supply area of 52500.Note
In time h8, according to the Dominance Tether analysis, two paths can be predicted in the current range. If it returns to the 0.78 Fibo range, we should probably see a break of the specified supply range for the next target. But if this ability does not exist and the break occurs from the bottom to the specified area, there is a possibility of correction.If the behavior and structure of the post changes, it will be updated.
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According to Dominance Tether and Total analysis, 3 supply areas were broken. Therefore, I expect that in the next area of supply and 2.168 fibo, the market will enter the corrective phase, which we will examine according to the structure of the possible scenario.If the behavior and structure of the post changes, it will be updated.
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The target was touched. You can wait for the reaction to the area.Note
After touching the target, he faced sales pressure. If this post was useful for you, support it with like and comment.I will update it soon.
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