Bitcoin / TetherUSืฉืืจื
๐งBitcoin Can Drop by Rising Wedge Pattern๐ง
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๐โโ๏ธBitcoin re-entered the ๐กPrice Reversal Zone(PRZ)๐ก and is currently moving in this zone.
๐If we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.
๐In terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
๐กAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)
๐I expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the ๐ขSupport
zone($36,000_$35,560)๐ข.
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.
๐If we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.
๐In terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
๐กAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)
๐I expect Bitcoin to start falling again after touching the upper line of the Rising Wedge Pattern and at least fall to the lower line. If Bitcoin manages to break the support lines and the lower line of the wedge, we should expect Bitcoin to fall to the ๐ขSupport
zone($36,000_$35,560)๐ข.
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.
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Bearish Crab Harmonic Pattern can trigger us. (15-minute time frame).
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BTC can deop from the current price.Maybe BTC will not touch the upper line of Rising Wedge Pattern.
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If BTC can break the lower line of the Rising Wedge Pattern, most probably BTC will touch the ๐ขSupport zone($36,000_$35,560)๐ข.ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
BTC was able to touch the lower line of Rising Wedge.ืืขืจื
The upward trend up to the upper line of the Rising Wedge was also done by buying a microstrategy.
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