Bitcoin Analyze Time Frame 4H/ Contracting Triangle!!!
Updated
HI, first I have to say thanks for likes my previous post🙏💐, I tried to explain Counting waves, Tweets, and how were Channels make!
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: If you want to know about my counting waves' Story, please look at my previous post (Topic''Bitcoin Analyze(Counting Waves+Channels+Tweets)!!!''). if you remember my previous post, I talked about BTC's location. my idea, we passed microwave 1 of microwave 5 of the Main wave C (End of Correction), and now we are on microwave 2 of microwave 5 of the Main wave C, the shape of this wave is Contracting Triangle. I was able to find points A-B-C, and we have to find other points like D and E(Probably E). points E and D are our critical points, we can see main movements at these points. About point C, I found it on TRZ(Time Reversal Zone) while we have a Bearish Stick Sandwich🌭 Pattern too. To confirm point C, also we can check RSI, MACD, Stochastic, and ADX.
MACD & RSI: we can see Hidden Divergence(HD-) Between Price and MACD + Price and RSI until now.
MACD👉
RSI👉
Stochastic: we can see the end of the movement.👉
ADX=18.4<25 (Over 25, we can say the trend has started)== this movement was just a corrective movement (Point B until Point C).
Important Resistance zones & Support Zone on Bitcoin's way (Respectively):
Resistance zones: The upper line of our Descending Triangle, price is fighting with this now.
Resistance zones: 37596$ until 37267$ (Yearly Support 1+ Cluster of Fibs).
Support Zone: 316200$ until 30000$ (Support + Cluster of Fibs+ the lower line of Descending Triangle).
❗️Alert❗️: If price breaks our triangle (to up), probably microwave 4 will be the complex type (WXY_WXYXZ).
still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️THIS POST😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP)/ Also If you find Triggers for Short positions, You can use them for the short term.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: If you want to know about my counting waves' Story, please look at my previous post (Topic''Bitcoin Analyze(Counting Waves+Channels+Tweets)!!!''). if you remember my previous post, I talked about BTC's location. my idea, we passed microwave 1 of microwave 5 of the Main wave C (End of Correction), and now we are on microwave 2 of microwave 5 of the Main wave C, the shape of this wave is Contracting Triangle. I was able to find points A-B-C, and we have to find other points like D and E(Probably E). points E and D are our critical points, we can see main movements at these points. About point C, I found it on TRZ(Time Reversal Zone) while we have a Bearish Stick Sandwich🌭 Pattern too. To confirm point C, also we can check RSI, MACD, Stochastic, and ADX.
MACD & RSI: we can see Hidden Divergence(HD-) Between Price and MACD + Price and RSI until now.
MACD👉
RSI👉
Stochastic: we can see the end of the movement.👉
ADX=18.4<25 (Over 25, we can say the trend has started)== this movement was just a corrective movement (Point B until Point C).
Important Resistance zones & Support Zone on Bitcoin's way (Respectively):
Resistance zones: The upper line of our Descending Triangle, price is fighting with this now.
Resistance zones: 37596$ until 37267$ (Yearly Support 1+ Cluster of Fibs).
Support Zone: 316200$ until 30000$ (Support + Cluster of Fibs+ the lower line of Descending Triangle).
❗️Alert❗️: If price breaks our triangle (to up), probably microwave 4 will be the complex type (WXY_WXYXZ).
still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️THIS POST😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP)/ Also If you find Triggers for Short positions, You can use them for the short term.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Note
Running Contracting Triangle ❗️(TF 15min)
Note
Our triangle failed and now BTC is on range Channel at timeframe 15 min⏰
Note
New post: Bitcoin Analyze (Triple Three Corrections) !!!
Note
Counting waves 🌊
Note
End of Wave (Z), and microwave 5 of the main wave C has activated ❗️
Note
New post: Bitcoin Analyze (Two Descending Triangle)!!!
Note
Please read a new post 👆
Note
The price hugged my lines 🔥😉Note
New post👆
Note
New post: Bitcoin Analyze (Regular Contracting Triangle)!!!
Note
New Post
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