pejman_zwin

๐ŸšงBitcoin Can Drop by Rising Wedge Pattern๐Ÿšง

ืฉื•ืจื˜
pejman_zwin ืžืขื•ื“ื›ืŸ   
BINANCE:BTCUSDT   Bitcoin / TetherUS
๐Ÿƒโ€โ™‚๏ธBitcoin re-entered the ๐ŸŸกPrice Reversal Zone(PRZ)๐ŸŸก and is currently moving in this zone.

๐Ÿ“ˆIf we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.

๐ŸŒŠIn terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.

๐Ÿ’กAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)

๐Ÿ””I 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 ๐ŸŸขSupport
zone($36,000_$35,560)
๐ŸŸข.

โ—๏ธโš ๏ธNoteโš ๏ธโ—๏ธ: If BTC can break the ๐ŸŸกPRZ๐ŸŸก, the Scenario will change.

โ—๏ธโš ๏ธNoteโš ๏ธโ—๏ธ: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.

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ื”ืขืจื”:

Bearish Crab Harmonic Pattern can trigger us. (15-minute time frame).
ื”ืขืจื”:
BTC can deop from the current price.

Maybe BTC will not touch the upper line of Rising Wedge Pattern.
ื”ืขืจื”:
If BTC can break the lower line of the Rising Wedge Pattern, most probably BTC will touch the ๐ŸŸขSupport zone($36,000_$35,560)๐ŸŸข.
ืขืกืงื” ืกื’ื•ืจื”: ื”ื™ื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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