Bitcoin Analyze (Road Map, 05/01/2023)!!!🗺️
Updated
Hi everyone👋.
As mentioned in previous posts, Bitcoin failed to break the 🔴heavy resistance zone($ 32,420-$ 28,900)🔴 in the first⚔️ attack⚔️.
According to the theory of Elliott waves, Bitcoin completed the 5th wave at $ 31,000 and is currently in a corrective phase. It takes time to recognize the structure of the corrective phase, but we can expect Bitcoin to fall into the 🟡Price Reversal Zone(PRZ)🟡 or 🟢support zone($ 25,300-$ 23,940)🟢 after breaking the support line.
💡Signs of the end of wave 5:
*
Bitcoin Analyze (
BTCUSDT ), Daily 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 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.
As mentioned in previous posts, Bitcoin failed to break the 🔴heavy resistance zone($ 32,420-$ 28,900)🔴 in the first⚔️ attack⚔️.
According to the theory of Elliott waves, Bitcoin completed the 5th wave at $ 31,000 and is currently in a corrective phase. It takes time to recognize the structure of the corrective phase, but we can expect Bitcoin to fall into the 🟡Price Reversal Zone(PRZ)🟡 or 🟢support zone($ 25,300-$ 23,940)🟢 after breaking the support line.
💡Signs of the end of wave 5:
- There is a Regular Divergence(RD-) between the end of wave 3 and the end of wave 5 in the RSI indicator (Bitcoin's growth last week was a pullback to the neckline of the Double Top pattern)👇.
- There is a Regular Divergence(RD-) between the end of wave 3 and the end of wave 5 in the Volume indicator.
*
- Crossing 50-EMA below 50-SMA (interesting to know that the first buy signal confirmed the start of wave 3 - the first sell signal confirmed the start of corrective wave 4 - the second buy signal confirmed the start of wave 5 - the second sell signal can start to confirm the corrective phase).
Bitcoin Analyze (
BTCUSDT ), Daily 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 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.
Trade active
Trade active
Note
What is your Road map for BTC?Note
Will BTC break the support line or not? what is your idea?Note
Bitcoin Analyze (Road Map, 05/06/2023)!!!🗺️(4-hour time frame)
Note
Running wellTrade closed: target reached
Note
Running wellNote
Bitcoin is attacking the heavy resistance zone again
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