Bitcoin / TetherUSāļĨāļāļĨāļ
ð§Bitcoin Can Drop by Rising Wedge Patternð§
āļāļĩāđāļāļąāļāđāļāļ:
ðââïļBitcoin re-entered the ðĄPrice Reversal Zone(PRZ)ðĄ and is currently moving in this zone.
ðIf we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.
ðIn terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
ðĄAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)
ðI 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 ðĒSupport
zone($36,000_$35,560)ðĒ.
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.
ðIf we look at the chart from the view of Classical Analysis, it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern.
ðIn terms of Elliott wave theory, Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure.
ðĄAlso, we can see Regular Divergence(RD-) between Consecutive Peaks.(Volume)
ðI 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 ðĒSupport
zone($36,000_$35,560)ðĒ.
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.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Bearish Crab Harmonic Pattern can trigger us. (15-minute time frame).
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
BTC can deop from the current price.Maybe BTC will not touch the upper line of Rising Wedge Pattern.
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
If BTC can break the lower line of the Rising Wedge Pattern, most probably BTC will touch the ðĒSupport zone($36,000_$35,560)ðĒ.āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
BTC was able to touch the lower line of Rising Wedge.āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
The upward trend up to the upper line of the Rising Wedge was also done by buying a microstrategy.
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