Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️Hi, today I want to analyze Bitcoin 😊 from the first microwave that it made for itself. I tried to check out & analyze just Correction waves on this post( because I think that Bitcoin still is on Corrective structure). I am suggesting to you, please spend some minutes reading this post, maybe you will find useful information, also you can follow your road map with less stress. let's go👍
please read my post about the current situation of Bitcoin from ATH until now===topic''Bitcoin Analyze (Road Map)!!!🗺️'. as I said in this post, Bitcoin is on corrective structure (ZigZag Correction (5-3-5)) and we have to wait for the end of Main wave B.
Update:https://www.tradingview.com/x/wOUWJkfz/
Bitcoin Analyze ( BTCUSDT ) Timeframe 2W⏰
Bitcoin has started its main way from 😱 2.5$ 😱 (Who does have Bitcoin from this price or even less than it ❓) and saw 64895$ (ATH).
Location🌊: I have 2 scenarios for counting waves of Bitcoin:
First: Bitcoin is moving on 5 Impulsive Waves Without Extended waves.
Second: Bitcoin has completed waves 1 & 2 and now it is running on Main wave 3 which is an extended wave (more Possible).
I tried to choose the best items for checking out the correction waves. items are Corrective structure, Time (From the beginning of the wave to the end of the wave (Week)), Time Retracement, and Price Retracement.
items for each correction wave:
Microwave 2 of Main wave 1
Corrective Structure: Triangle
Time: 18 weeks
Time Retracement: 261.8% of microwave 1
Price Retracement: 38.2% of microwave 1
Microwave 4 of Main wave 1
Corrective Structure: ZigZag
Time: 12 weeks
Time Retracement: 61.8% of microwave 3
Price Retracement: 38.2% of microwave 3
Main wave 2
Corrective Structure: ZigZag
Time: 59 weeks
Time Retracement: 61.8% of Main Wave 1
Price Retracement: 38.2% of Main Wave 1
Microwave 2 of Main wave 3
OR microwave 2 of microwave 1 of Main wave 3
Corrective Structure: ZigZag
Time: 8 weeks
Time Retracement: 18% of microwave 1
Price Retracement: 23.6% of microwave 1
Microwave 4 of Main wave 3
OR microwave 4 of microwave 1 of Main wave 3
Corrective Structure: ZigZag
Time: 5 weeks
Time Retracement: 12% of microwave 1
Price Retracement: 23.6% of microwave 1
Main wave 4
OR microwave 2 of Main wave 3
Corrective Structure: ZigZag
Time: 52 weeks
Time Retracement: 38.2% of microwave 1
Price Retracement: 38.2% of microwave 1
microwave 2 of Main wave 5
OR microwave 2 of microwave 3 of Main wave 3
Corrective Structure: ZigZag
Time: 37 weeks
Time Retracement: 127.2 of microwave 1
Price Retracement: 78.6% of microwave 1
microwave 4 of Main wave 5
OR microwave 4 of microwave 3 of Main wave 3
Corrective Structure: ZigZag
Time: ❓❓ weeks
Time Retracement: ❓❓ of microwave 3
Price Retracement: ❓❓ of microwave 3
🎯Aim🎯: Finding Answer the question marks 👆. for finding answers, we have to zoom on microwaves of each correction wave (A-B-C), but if I want to explain all my analysis here, it will be romance, so I'm trying to say just results of my analyze.
just see what did I do 😊 Can you decrypt❓ 👇https://www.tradingview.com/x/Aj550EN6/
🎯Results🎯:
Corrective structure: all correctives structures were ZigZag, except microwave 2 of Main wave 1 == Triangle
Time: The time of each correction wave (same degree) close to each other (for example, main wave 2 =59 weeks, main wave 4 = 52 weeks)== since the time of microwave 2 of Main wave 5 =37, as result: time of microwave 4 of Main wave 5 can be between 30 until 35 weeks == 8 Nov 2021 until 13 Dec 2021✅
Time Retracement: 61.8% microwave 3 of Main wave 5 (without extended waves) == or ===61.8% microwave 3 of microwave 3 of Main wave 3 (if the Main wave 3 is extended) == 20 Dec 2021 ✅
Price Retracement: end of current corrective structure can be ==23.6% or 33% or 38.2 % microwave 3 of the Main wave 5 (without extended waves) == or ===61.8% microwave 3 of microwave 3 of Main wave 3 (if the Main wave 3 is extended) :
23.6% = 33300$ == probably structure of microwave C of microwave 4 of the main wave 5 (without extended waves) will be Ending Triangle ✅
33%-38.2% == 25550$ Until 22060$ == microwave C of microwave 4 of the main wave 5 (without extended waves)will have 5 microwaves.✅
TIP: microwave B of each corrections wave has retraced (price) 38.2% or 61.8%. at this moment Bitcoin passed 38.2% and I think that end of microwave B of microwave 4 of the main wave 5 (without extended waves) can be 61.8% ==51080$
in addition, if you pay attention to my chart, most of the time Bitcoin was able to react to Ascending Channel midline and now bitcoin is close to the midline. so we are expecting to react again.
RSI: RSI has important resistances in front of itself, and we can see Bearish Deep Crab 🦀 that it is working now, and I think that this bullish rally can finish with a symmetrical triangle on RSI. Daily Timeframe⏰ 👇https://www.tradingview.com/x/gY6FPge8/
Thanks for reading this post, I hope that is useful for all.🌹🙏
My Suggestion : if you have Bitcoin, you have to think about taking profit from them Soon/ if you don't have coins, Don't be FOMO, probably time will give you another chance 👍😉.
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
