Bitcoin Analyze(Counting Waves+Channels+Tweets)!!!
Updated
Hi, today I want to talk about Bitcoin's Location and how are we losing our Heave Support (Support zone: 316200$ until 30000$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ), also I checked the Times and locations of Elon Musk's Tweets during one month that we passed (Please spend some minutes on this post, thanks🙏).
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I am believing that microwave 4 of main wave C ended at 41330$ (Microwave 4 was like Descending Triangle) and we are on microwave 5 of main wave C (end of correction) and if price can break (trusty) our heavy support, then end of microwave 4 of main wave C will confirm, otherwise probably microwave 4 will be the complex type (WXY_WXYXZ). About microwave 5, and how will it run ?!, I can say that if you see my chart (BTCUSDT) then you can understand that most of our waves at Descending Triangle are running on Channels, so I am predicting that microwave 5 of the main wave C will run on the channel too. Microwave 2 of microwave 5 of main wave C rested at Price💵, and now we can expect that microwave 4 of microwave 5 of main wave C will rest at Time⏰.
Shadows: if you see my chart again, you can see 4 shadows that they crossed with our heavy support. we can analyze these Shadows:
Length of shadows 1 > Length of shadows 2 >Length of shadows 3 > length of shadows 4 and finally the price is touching our support with Candles Body == probably we will lose this support soon + At least Bitcoin needs more time for resting. in addition, this analysis can confirm our counting waves too.
Elon Musk's Tweets: if you look at the location of Elon Musk's Tweets(Disappointing Tweets😕), we can understand that all his Tweets were on the upper line of our Descending Triangle (Resistance) == Probably he wants more dumps on these days or just lucky, whats is your idea?! (maybe he will publish new tweets (hopeful Tweets😊) on lower prices).
RSI Analyze: RSI is running at Descending Channel at daily Timeframe, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉
Also, 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 open (use from Descending Channels).
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🌊: Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5). I am believing that microwave 4 of main wave C ended at 41330$ (Microwave 4 was like Descending Triangle) and we are on microwave 5 of main wave C (end of correction) and if price can break (trusty) our heavy support, then end of microwave 4 of main wave C will confirm, otherwise probably microwave 4 will be the complex type (WXY_WXYXZ). About microwave 5, and how will it run ?!, I can say that if you see my chart (BTCUSDT) then you can understand that most of our waves at Descending Triangle are running on Channels, so I am predicting that microwave 5 of the main wave C will run on the channel too. Microwave 2 of microwave 5 of main wave C rested at Price💵, and now we can expect that microwave 4 of microwave 5 of main wave C will rest at Time⏰.
Shadows: if you see my chart again, you can see 4 shadows that they crossed with our heavy support. we can analyze these Shadows:
Length of shadows 1 > Length of shadows 2 >Length of shadows 3 > length of shadows 4 and finally the price is touching our support with Candles Body == probably we will lose this support soon + At least Bitcoin needs more time for resting. in addition, this analysis can confirm our counting waves too.
Elon Musk's Tweets: if you look at the location of Elon Musk's Tweets(Disappointing Tweets😕), we can understand that all his Tweets were on the upper line of our Descending Triangle (Resistance) == Probably he wants more dumps on these days or just lucky, whats is your idea?! (maybe he will publish new tweets (hopeful Tweets😊) on lower prices).
RSI Analyze: RSI is running at Descending Channel at daily Timeframe, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉
Also, 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 open (use from Descending Channels).
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.
Comment
Price is running on the upper line of Descending Triangle +AB=CD Harmonic Pattern+TRZ
Let's see, the price will break our triangle or NOT!
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