Bitcoin Analyze (Road Map, 05/01/2023)!!!ðšïļ
Hi everyoneð.
As mentioned in previous posts, Bitcoin failed to break the ðīheavy resistance zone($ 32,420-$ 28,900)ðī in the firstâïļ attackâïļ.
According to the theory of Elliott waves, Bitcoin completed the 5th wave at $ 31,000 and is currently in a corrective phase. It takes time to recognize the structure of the corrective phase, but we can expect Bitcoin to fall into the ðĄPrice Reversal Zone(PRZ)ðĄ or ðĒsupport zone($ 25,300-$ 23,940)ðĒ after breaking the support line.
ðĄSigns of the end of wave 5:
Bitcoin Analyze ( OKX: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.
As mentioned in previous posts, Bitcoin failed to break the ðīheavy resistance zone($ 32,420-$ 28,900)ðī in the firstâïļ attackâïļ.
According to the theory of Elliott waves, Bitcoin completed the 5th wave at $ 31,000 and is currently in a corrective phase. It takes time to recognize the structure of the corrective phase, but we can expect Bitcoin to fall into the ðĄPrice Reversal Zone(PRZ)ðĄ or ðĒsupport zone($ 25,300-$ 23,940)ðĒ after breaking the support line.
ðĄSigns of the end of wave 5:
- There is a Regular Divergence(RD-) between the end of wave 3 and the end of wave 5 in the RSI indicator (Bitcoin's growth last week was a pullback to the neckline of the Double Top pattern)ð.
- There is a Regular Divergence(RD-) between the end of wave 3 and the end of wave 5 in the Volume indicator.
- Crossing 50-EMA below 50-SMA (interesting to know that the first buy signal confirmed the start of wave 3 - the first sell signal confirmed the start of corrective wave 4 - the second buy signal confirmed the start of wave 5 - the second sell signal can start to confirm the corrective phase).
Bitcoin Analyze ( OKX: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.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
What is your Road map for BTC?
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Will BTC break the support line or not? what is your idea?
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Bitcoin Analyze (Road Map, 05/06/2023)!!!ðšïļ(4-hour time frame)
Bitcoin Analyze (Road Map, 05/06/2023)!!!ðšïļ(4-hour time frame)
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Running well
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Running well
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Bitcoin is attacking the heavy resistance zone again
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