ðĪMaybe everyone is watching Bitcoin, but I hope you are always in profit and enjoying your profit.
ðToday, I want to share a bullish scenario that is not far away.
ðFor me, the best tool for determining the Bitcoin roadmap is the Elliott Wave Theory, as my old followers know.
ðĄBitcoin is currently seriously attacking the ðĒHeavy Support zone($25,280-$23,900)ðĒ for the second time, in my opinion. Generally, it takes more than two tests of a Heavy Support or Resistance zone to break. So, I expect Bitcoin to Fail the second time around.
ðIn terms of Elliott waves, Bitcoin seems to be moving in microwave 5 of the main wave 5.
ðI expect the main wave 5 to finish in ðĄPrice Reversal Zone(PRZ)ðĄ, and Bitcoin will be pumped at least UP to the Resistance line (of course, after the Downtrend line breaks).
â ïļNote: If BTC touches $23,000 Scenario will Change.
â ïļThe negative thing that can worry us is that if Bitcoin issues the â ïļDead Cross Signalâ ïļ , we should see the loss of the ðĒHeavy Support zone($25,280-$23,900)ðĒ.
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.
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.