ðĻBitcoin is Ready for CorrectionðĻ
āļāļĩāđāļāļąāļāđāļāļ:
â
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).
ðThe Ending Diagonal Pattern (Elliot's point of view) is the same as the Rising Wedge Pattern (Classical Analysis point of view).
ðAccording 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.
ðĄIn 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.
ðI expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to ðĒSupport zone($36,000_$35,280)ðĒ or maybe Fill the lower ðĩCME Gapsðĩ.
âïļâ ïļNoteâ ïļâïļ: If BTC can break the ðĄPRZðĄ, the Scenario will change.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðThe Ending Diagonal Pattern (Elliot's point of view) is the same as the Rising Wedge Pattern (Classical Analysis point of view).
ðAccording 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.
ðĄIn 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.
ðI expect Bitcoin to start falling after breaking the lower line of the Ending Diagonal Pattern and Support lines and at least fall to ðĒSupport zone($36,000_$35,280)ðĒ or maybe Fill the lower ðĩCME Gapsðĩ.
âïļâ ïļNoteâ ïļâïļ: If BTC can break the ðĄPRZðĄ, the Scenario will change.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ
As I said before, if ðĄPRZðĄbreaks, the scenario will change.
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