BTC Analyze Time Frame 4H/ Symmetrical Triangle 👀

By pejman_zwin
Updated
Unfortunately, my last three posts have deleted, because I did not comply with the ''house rules''.

About BTCUSDT Chart, I can say some info; First, we are at Symmetrical Triangle (trusty == more than 45 _60 candles are on our Triangle) + We have Hidden Divergence (HD-) between MACD and Price, until now + Evening Star (Bearish candlestick Pattern)+ TRZ + End of microwave 5 (price was at the golden number of Fibonacci), So we have to wait for Correction waves + Price was near upper line of our Pitchfork + Resistance Zone (cluster) + Fib circles (If you look at the circle lines and you will know that these lines have worked well in the past) + ADX=15.58 (Over 20 or 25 initial trends will start) ===== RESULT ==== BTC Will go Down again until Take profit zone 1 or 2.

My Suggestion: we had enough reasons for open Short positions (The above reasons).

Take profit 1: 36620$ - 36460$ (Weekly Pivot point + 61.68% Fib + support zone).

Take profit 2: 35430$ - 35120$ (Cluster of Fibonacci) === on this zone, BTC will decide to go DOWN or UP.

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 on this post.

Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.

Good luck



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ADXBTCUSDTcountingwavesElliott WaveEvening StarfibcircleHDSupport and ResistanceSymmetrical TriangleTriangle
pejman_zwin
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