ðĻâ ïļDead Crossâ ïļ HappenedðĻ
āļāļĩāđāļāļąāļāđāļāļ:
ðĄFirst, I must say that the most important thing that happened a few minutes ago was the â ïļDead Cross Signalâ ïļ.
ðâ ïļDead Cross Signalâ ïļ: 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.
ððĨGolden Cross SignalðĨ: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
ðBitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
ðCurrently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
ðAfter breaking the Uptrend line, we confirmed the end of the Main Wave 5.
ðBitcoin is currently completing the first corrective wave, Wave A, in the ðĒHeavy Support zone($25,280-$23,900)ðĒ.
ðI expect Bitcoin to start rising again from the ðĒHeavy Support zone($25,280-$23,900)ðĒ and get back near the upper line of the descending channel and then fall again and break the ðĒHeavy Support zone($25,280-$23,900)ðĒ and fall to theðĄPrice Reversal Zone(PRZ)ðĄ and fill the ðĩCME Gapðĩ. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5)).
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 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.
ðâ ïļDead Cross Signalâ ïļ: 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.
ððĨGolden Cross SignalðĨ: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
ðBitcoin has started its Major Corrective Waves in the Descending Channel for more than two years.
ðCurrently, Bitcoin has managed to complete its Five Impulse Waves above the descending channel.
ðAfter breaking the Uptrend line, we confirmed the end of the Main Wave 5.
ðBitcoin is currently completing the first corrective wave, Wave A, in the ðĒHeavy Support zone($25,280-$23,900)ðĒ.
ðI expect Bitcoin to start rising again from the ðĒHeavy Support zone($25,280-$23,900)ðĒ and get back near the upper line of the descending channel and then fall again and break the ðĒHeavy Support zone($25,280-$23,900)ðĒ and fall to theðĄPrice Reversal Zone(PRZ)ðĄ and fill the ðĩCME Gapðĩ. (My expectation is that the structure of corrective waves is Zigzag(ABC/5-3-5)).
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 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.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
I like Dead Cross better than Death Cross.āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
I identified the end of the main wave A after the downtrend line broke, and I expect Bitcoin to reach the upper line of the descending channel.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
The first target of Bitcoin will be $27,340(38.2% Fibonacci).
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