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✈️Bitcoin is Ready to Go Up✈️
Bitcoin / TetherUS
Long
✈️Bitcoin is Ready to Go Up✈️
By pejman_zwin
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Updated
May 9
7
2
Cheer
Cheer
16
16
May 8
🏃♂️
Bitcoin
is moving near the 🟡
Potential Reversal Zone(PRZ)($61,800-$60,900)
🟡 and
100_SMA(Daily)
and
Support lines
.
🌊According to
Elliott's wave theory
, Bitcoin is completing
corrective waves
, most likely a
Zigzag(ABC)
corrective wave structure.
💡We can consider
corrective waves
in the form of a
pullback
to the
upper line
of the
descending channel
.
📈According to
Classical Technical Analysis
, Bitcoin seems to have formed a
Falling Wedge pattern
. (
Of course, it is not very standard
).
🔔I expect
Bitcoin
to start rising from the 🟡
PRZ
🟡 and at least rise to the 🔴
Resistance zone($65,650-$64,200)
🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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.
May 8
Trade active
May 9
Comment
If Bitcoin can break the 100_SMA(Daily), we can expect more fall
The analysis is still valid.
May 9
Trade closed: target reached
First Target
bitcoinanalysis
bitcoinsignal
bitcoinsignals
btcsignal
BTCUSDT
btcusdtanalysis
BTCUSDTPERP
btcusdtsignal
Descending Channel
Elliott Wave
Fibonacci
Parallel Channel
pejman_zwin
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