ðšïļBitcoin Roadmapðšïļâ°(Daily time frame)â°
ðHi, everyone.
ðToday, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ðđðrespectfullyððđ share if you have a different opinion from me or other analysts).
â As I expected, Bitcoin started declining from ðĄPotential Reversal Zone(PRZ)ðĄ after the SEC approval of Bitcoin ETFs. (In previous posts, I warned you several times that Bitcoin is near the end of its upward trend.)
ðââïļBitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
âïļCurrently, Bitcoin is attacking the ðĒSupport zone($39,000-$37,000)ðĒ, SMA(100)and Support line for the first time. Of course, it seems that Bitcoin will NOT succeed in breaking this zone.
ðAssets generally do NOT break Support and Resistance zones for the first time.
ðAccording to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves in ðĄPotential Reversal Zone(PRZ)ðĄand is now starting to form new corrective waves.
ðI expect an upward trend in the coming days and at least an increase in the ðīResistance Zone($43,800-$43,000)ðī. (Bitcoin has had a high trading volume of around $43,400, which indicates an important resistance for Bitcoin).
âïļâ ïļNoteâ ïļâïļIf the Daily Candle closes below the ðĒSupport zone($39,000-$37,000)ðĒ, we can expect further falls for Bitcoin.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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.
ðToday, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ðđðrespectfullyððđ share if you have a different opinion from me or other analysts).
â As I expected, Bitcoin started declining from ðĄPotential Reversal Zone(PRZ)ðĄ after the SEC approval of Bitcoin ETFs. (In previous posts, I warned you several times that Bitcoin is near the end of its upward trend.)
ðââïļBitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
âïļCurrently, Bitcoin is attacking the ðĒSupport zone($39,000-$37,000)ðĒ, SMA(100)and Support line for the first time. Of course, it seems that Bitcoin will NOT succeed in breaking this zone.
ðAssets generally do NOT break Support and Resistance zones for the first time.
ðAccording to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves in ðĄPotential Reversal Zone(PRZ)ðĄand is now starting to form new corrective waves.
ðI expect an upward trend in the coming days and at least an increase in the ðīResistance Zone($43,800-$43,000)ðī. (Bitcoin has had a high trading volume of around $43,400, which indicates an important resistance for Bitcoin).
âïļâ ïļNoteâ ïļâïļIf the Daily Candle closes below the ðĒSupport zone($39,000-$37,000)ðĒ, we can expect further falls for Bitcoin.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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:
If BTC goes over $40,800, it will go up to around $43,000.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
â
Running wellâ
If Bitcoin touches $42,400, the next target will be theðīResistance Zone($43,720-$43,100)ðī.
If Bitcoin touches $42,400, the next target will be theðīResistance Zone($43,720-$43,100)ðī.
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
Long Position
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