โ
Bitcoin broke the upper line of the classic Symmetrical Triangle Pattern a few hours ago.
๐Regarding Elliott's wave theory, Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle.
๐Currently, Bitcoin is completing microwave wave 3 of main wave 5, which can complete around an All-Time High($73,777) (or even a little higher).
๐I expect Bitcoin to start rising again to complete the main wave 5 after the pullback to the upper line of the symmetrical triangle and at least rise to the upper line of the Ascending Channel.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can break the ๐ขSupport zone($69,300-$67,800)๐ข, the scenario will change and we have to wait for Bitcoin to fall further.
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.
๐Regarding Elliott's wave theory, Bitcoin seems to have completed wave 4 with a Double Three Correction(WXY) in a symmetrical triangle.
๐Currently, Bitcoin is completing microwave wave 3 of main wave 5, which can complete around an All-Time High($73,777) (or even a little higher).
๐I expect Bitcoin to start rising again to complete the main wave 5 after the pullback to the upper line of the symmetrical triangle and at least rise to the upper line of the Ascending Channel.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: If Bitcoin can break the ๐ขSupport zone($69,300-$67,800)๐ข, the scenario will change and we have to wait for Bitcoin to fall further.
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.
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๐if you want to learn Technical Analysis = Please Contact me
๐if you want to learn Technical Analysis = Please Contact me