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Pitchforks

Bitcoin Road Map (Daily Time Frame)🗺️!!!Hi everyone👋( Reading time less than 2 minutes ⏰). First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰. In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴. 📚 Teaching Tip 📚: Mostly, heavy support and resistance areas are not broken with a single attack. Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY) . Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡 Time Reversal Zone(TRZ) 🟡. The end of the Double Three Correction structure can end in the 🟢 support zone($ 25,280-$ 24,410) 🟢. 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.
by pejman_zwin
14
Long FTX TokenBINANCE:FTTUSDT FTX Token - FTT has exited the major descending fork after printing an RSI Bullish Swing Rejection on the daily timeframe. The next logical target for FTT is the trigger line of the major descending Pitchfork. I plotted a Modified Schiff Pitchfork and an ARC on the chart, to demonstrate the likely paths to the trigger line. Both have held price well up to this point. I went long with a stop just below the prior low pivot. Entry = $30.60 Stop Loss = $28.55 Take Profit = $40 Fat_Fat
FTX:FTTUSDLong
by Cousin_Fat_Fat
2