โ
Bitcoin moved as I expected in previous posts and was able to touch the upper line of the Ending Diagonal again (MicroStrategy helped in this movement by buying $600 million of Bitcoin).
๐The Ending Diagonal Pattern (Elliot's point of view) is the same as the Rising Wedge Pattern (Classical Analysis point of view).
๐According to the theory of Elliott waves, Bitcoin is at the end of the main wave 3, so to complete this wave, microwave 5 of the main wave 3 had an Ending Diagonal structure.
๐กIn my opinion, the Ending Diagonal Pattern is standard so that the Fibonacci ratios are consistent with this pattern, as well as Regular Divergence(RD-) between Consecutive Peaks.
๐I expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to ๐ขSupport zone($36,000_$35,280)๐ข or maybe Fill the lower ๐ตCME Gaps๐ต.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If BTC can break the ๐กPRZ๐ก, the Scenario will change.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐The Ending Diagonal Pattern (Elliot's point of view) is the same as the Rising Wedge Pattern (Classical Analysis point of view).
๐According to the theory of Elliott waves, Bitcoin is at the end of the main wave 3, so to complete this wave, microwave 5 of the main wave 3 had an Ending Diagonal structure.
๐กIn my opinion, the Ending Diagonal Pattern is standard so that the Fibonacci ratios are consistent with this pattern, as well as Regular Divergence(RD-) between Consecutive Peaks.
๐I expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to ๐ขSupport zone($36,000_$35,280)๐ข or maybe Fill the lower ๐ตCME Gaps๐ต.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If BTC can break the ๐กPRZ๐ก, the Scenario will change.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.
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 โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืขืกืงื ืคืขืืื
ืืขืจื:
As I said before, if ๐กPRZ๐กbreaks, the scenario will change.
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3