🚨Bitcoin is Ready to Decrease to the Uptrend line🚨
🏃♂️Bitcoin is moving in the 🟡Potential Reversal Zone(PRZ)($50,100-$47,000)🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🌊According to the theory of Elliott waves, five impulse waves have been completed in 🟡Potential Reversal Zone(PRZ)($50,100-$47,000)🟡.
🔔I expect Bitcoin to fall at least to the Uptrend line, and if this line breaks, we can expect Bitcoin to fall to the 🟢Support zone($44,700-$41,780)🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🌊According to the theory of Elliott waves, five impulse waves have been completed in 🟡Potential Reversal Zone(PRZ)($50,100-$47,000)🟡.
🔔I expect Bitcoin to fall at least to the Uptrend line, and if this line breaks, we can expect Bitcoin to fall to the 🟢Support zone($44,700-$41,780)🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Comment:
The fear and greed index has reached its highest level since the Bitcoin price of $69,000(November 2021). ==😱79😱
Bitcoin started to fly like a dragon at the beginning of the Chinese year, although the analysis is still valid.
Of course, news: Bitcoin's ecosystem set for overhaul with innovative NFT-like ordinals
It can be effective.
The best criterion is the upper line of the ascending channel; if it fails, the scenario will be