Bitcoin is Ready to 🚀Pump🚀 Again⏰(4-Hour)⏰
Updated
🤝Maybe everyone is watching Bitcoin, but I hope you are always in profit and enjoying your profit.
🚀Today, I want to share a bullish scenario that is not far away.
🌊For me, the best tool for determining the Bitcoin roadmap is the Elliott Wave Theory, as my old followers know.
💡Bitcoin is currently seriously attacking the 🟢Heavy Support zone($25,280-$23,900)🟢 for the second time, in my opinion. Generally, it takes more than two tests of a Heavy Support or Resistance zone to break. So, I expect Bitcoin to Fail the second time around.
🌊In terms of Elliott waves, Bitcoin seems to be moving in microwave 5 of the main wave 5.
🔔I expect the main wave 5 to finish in 🟡Price Reversal Zone(PRZ)🟡, and Bitcoin will be pumped at least UP to the Resistance line (of course, after the Downtrend line breaks).
⚠️Note: If BTC touches $23,000 Scenario will Change.
⚠️The negative thing that can worry us is that if Bitcoin issues the ☠️Dead Cross Signal☠️ , we should see the loss of the 🟢Heavy Support zone($25,280-$23,900)🟢.
📚☠️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.
Bitcoin Analyze ( BTCUSDT ), 4-hour 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 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.
🚀Today, I want to share a bullish scenario that is not far away.
🌊For me, the best tool for determining the Bitcoin roadmap is the Elliott Wave Theory, as my old followers know.
💡Bitcoin is currently seriously attacking the 🟢Heavy Support zone($25,280-$23,900)🟢 for the second time, in my opinion. Generally, it takes more than two tests of a Heavy Support or Resistance zone to break. So, I expect Bitcoin to Fail the second time around.
🌊In terms of Elliott waves, Bitcoin seems to be moving in microwave 5 of the main wave 5.
🔔I expect the main wave 5 to finish in 🟡Price Reversal Zone(PRZ)🟡, and Bitcoin will be pumped at least UP to the Resistance line (of course, after the Downtrend line breaks).
⚠️Note: If BTC touches $23,000 Scenario will Change.
⚠️The negative thing that can worry us is that if Bitcoin issues the ☠️Dead Cross Signal☠️ , we should see the loss of the 🟢Heavy Support zone($25,280-$23,900)🟢.
📚☠️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.
Bitcoin Analyze ( BTCUSDT ), 4-hour 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 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.
Note
I expect that BTC will close the support line that it was able to break.Trade active
Note
BTC is running near the downtrend line; let's see, BTC can break it or not.Note
I confirmed the end of wave 5 after the downtrend line broke.
👑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.