After breaking the important downward trend line, Bitcoin seems to have passed the main corrective wave A and is on the way to completing the main corrective wave B.
If you are curious about the structure of the main wave A, I suggest you take a look at the following post.ð
After breaking the resistance zone, which has now become a ðĒsupport zone($25,260-$24,440)ðĒ for Bitcoin, the Elliott wave counting scenario for Bitcoin has changed.
In fact, Bitcoin is about to finish its main wave 5. Because Bitcoin has filled every CME Gap throughout its history and because it has already filled a part of this gap, it is expected to fill this gap at least completely filled and; also I used Fibonacci levels to define a zone ðĩ(28,740$-$27,365 == CME Gap)ðĩ for the end of wave 5 on the chart.
Another reason we can confirm the new count is that we see a regular divergence(rd-)between the main wave 3 and the main wave 5.
ðI expect Bitcoin to drop back to the ðĒsupport zone($25,260-$24,440)ðĒafter confirming the end of wave 5.
ðIn general, because Bitcoin reaches the ðīheavy resistance zone($32,400-28,120)ðī for the first time, it is very unlikely that it will break this zone so easily, so don't take FOMO.
ðI drew the possible ðšïļroad map of Bitcoinðšïļ in my chart.
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 be glad to 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.
If you are curious about the structure of the main wave A, I suggest you take a look at the following post.ð
After breaking the resistance zone, which has now become a ðĒsupport zone($25,260-$24,440)ðĒ for Bitcoin, the Elliott wave counting scenario for Bitcoin has changed.
In fact, Bitcoin is about to finish its main wave 5. Because Bitcoin has filled every CME Gap throughout its history and because it has already filled a part of this gap, it is expected to fill this gap at least completely filled and; also I used Fibonacci levels to define a zone ðĩ(28,740$-$27,365 == CME Gap)ðĩ for the end of wave 5 on the chart.
Another reason we can confirm the new count is that we see a regular divergence(rd-)between the main wave 3 and the main wave 5.
ðI expect Bitcoin to drop back to the ðĒsupport zone($25,260-$24,440)ðĒafter confirming the end of wave 5.
ðIn general, because Bitcoin reaches the ðīheavy resistance zone($32,400-28,120)ðī for the first time, it is very unlikely that it will break this zone so easily, so don't take FOMO.
ðI drew the possible ðšïļroad map of Bitcoinðšïļ in my chart.
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 be glad to 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.
āļāļąāļāļāļķāļ
Weekly time frame.ð
āļāļąāļāļāļķāļ
Way to fill the CME gap
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ðWelcome than a 50% bonus(Low Spread)ðvtm.pro/Y3AV7r
ðGet a 20% Discount on your trading FEE on BYBIT:ðpartner.bybit.com/b/PEJMANZWIN
ðGet a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)ðlbank.one/join/uBythQd
ðGet a 20% Discount on your trading FEE on BYBIT:ðpartner.bybit.com/b/PEJMANZWIN
ðGet a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)ðlbank.one/join/uBythQd
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