๐งBitcoin will Go Down Again๐ง
ืืขืืืื
๐จBitcoin started to rise from the ๐ขHeavy Support zone($25,280-$23,900)๐ข and was able to break the Downtrend line yesterday.
โ Also, Bitcoin has managed to form an Ascending channel.
๐โโ๏ธBitcoin is currently moving in the ๐ดResistance zone($28,460-$28,000)๐ด near the SMA(100) and near the upper line of the ascending channel.
๐กAlso, we can see the Regular Divergence(RD-) between Price and Volume.
๐In terms of Elliott Waves, Bitcoin managed to complete the main corrective wave A at the ๐ขHeavy Support zone($25,280-$23,900)๐ข and is currently completing the main wave B.
๐Since the main wave A is five microwaves, we have to wait for the Zigzag correction(ABC/5-3-5), and the higher the end of the main wave B is at higher prices, we expect the main wave C to be weaker.
๐โ ๏ธDeath Cross Signalโ ๏ธ: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.
๐I expect the microwave C of the main wave B to finish at the ๐ดResistance zone๐ด or at the ๐กPrice Reversal Zone(PRZ)๐ก, and then Bitcoin will โ๏ธAttackโ๏ธ the lower line of the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily 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 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.
โ Also, Bitcoin has managed to form an Ascending channel.
๐โโ๏ธBitcoin is currently moving in the ๐ดResistance zone($28,460-$28,000)๐ด near the SMA(100) and near the upper line of the ascending channel.
๐กAlso, we can see the Regular Divergence(RD-) between Price and Volume.
๐In terms of Elliott Waves, Bitcoin managed to complete the main corrective wave A at the ๐ขHeavy Support zone($25,280-$23,900)๐ข and is currently completing the main wave B.
๐Since the main wave A is five microwaves, we have to wait for the Zigzag correction(ABC/5-3-5), and the higher the end of the main wave B is at higher prices, we expect the main wave C to be weaker.
๐โ ๏ธDeath Cross Signalโ ๏ธ: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.
๐I expect the microwave C of the main wave B to finish at the ๐ดResistance zone๐ด or at the ๐กPrice Reversal Zone(PRZ)๐ก, and then Bitcoin will โ๏ธAttackโ๏ธ the lower line of the ascending channel.
Bitcoin Analyze ( BTCUSDT ), Daily 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 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
โ
Running wellโ
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
โ๏ธTarget Doneโ๏ธืืขืจื
We have to wait to see, if BTC can break the support zone or not, I will try to updateืืขืจื
Probably, Bitcoin will retrace to SMA(200)ืืขืจื
As I said, Bitcoin touched the SMA(200).This return of Bitcoin to the ๐ขSupport zone($27,600-$27,300)๐ข can also play the role of pullback to the downtrend line.
If the lower line of the ascending channel is broken, we can expect Bitcoin to at least fall to the ๐ขHeavy Support zone($25,280-$23,900)๐ข.
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