Bitcoin is running on Ascending Channel while this channel is on Descending Channel (Yellow), also we are seeing a pullback to our lower line of our Symmetrical Triangle.
In addition, I was able to find Bearish AB=CD Harmonic Pattern and I tried to show you PRZ (Price Reversal Zone) + TRZ(Time Reversal Zone//TRZ 3 is our important (upper timeframe)). also, I can see the end of the movement on Stochastic.
Pay attention: This post is for the short-term and please follow my lines, maybe they are useful.
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST(for Jun 9)😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$), then we can think about opening Long positions for the Short-term// please follow my lines.
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
Descending Channel stopped the price.⛔️
Note
Seems TRZ3 is activating.🧐
Note
We have (RD-) divergence between Price and MACD❗️
Note
New post: Bitcoin Analyze (Regular Contracting Triangle)!!!
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.