Bitcoin has been moving in an ascending channel for about ⏰4 days⏰, and it seems that it has formed the Triple Three Correction structure (WXYXZ) inside the ascending channel(of course, this structure is rare ). Also, Bitcoin has attacked the top of the ascending channel 5 times but has not succeeded in breaking this channel. But the 5️⃣fifth5️⃣ time is a...
It seems that Bitcoin needs a support zone to complete its pullback, which completes the Double Three Correction(WXY) . The end of wave Y can happen in Price Reversal Zones(PRZs) and Time Reversal Zones(TRZs) . 💡Of course, the reason for the complexity of the corrective structure is the low volume of trading on Saturdays and Sundays. 🔔I expect that after...
Hi everyone👋 (Reading time less than 3 minutes⏰). Why Shouldn't we Get FOMO on Bitcoin❗️❓ Please be with me in this post to answer this question.↘️ To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume , RSI , and Bollinger Bands indicators. I also specified...
Bitcoin managed to form a Shooting Star Candlestick Pattern near the 🔴 resistance zone($ 29,030-$ 28,880) 🔴. Also, considering that Bitcoin's 5-wave downtrend has ended in the 🟢 support zone($ 27,820-$ 27,660) 🟢, today's rise in the price of Bitcoin is a correction(Also, a pullback to the support zone is broken), and I expect Bitcoin to return to the support zone...
Dive into our captivating Elliott Wave analysis for Bitcoin, as we unravel the complex journey from a staggering $69k peak to a potential dramatic fall. Discover how we navigate the intricate waves, predicting a short-term dip to FWB:25K before surging to $35k-$40k. But brace yourself – we're foreseeing a massive plunge to $3k- FWB:250 as the grand finale!...
Bitcoin lost its support zone with a long-bodied red candlestick (currently acting as a🔴 resistance zone($ 29,030-$ 28,880) 🔴. The corrective zigzag structure(ABC/5-3-5) is expected to play the role of a pullback to the lost support zone, and then Bitcoin will fall again to the next 🟢 support zone($ 28,800-$ 27,800 )🟢. 💡The sign of the end of wave B can be the...
According to Elliott's wave theory, The end of wave 4 ended in the 🟡 Price Reversal Zone(PRZ) 🟡, and one of the signs of the end of the wave was the breaking of the resistance line upwards, and wave 5 can continue until the end of the 🔴resistance zone($ 27,900-$ 27,700)🔴. After the confirmation of the end of wave 5, Bitcoin is expected to fall to the 🎯target🎯 I...
Hi everyone👋 Today I want to show you how to confirm the Bull Run for Bitcoin and other cryptocurrencies. ( Reading time less than 6 minutes⏰ ) One of the indicators that clearly show the possibility of confirming the Bull Run for Bitcoin is the 2-Year MA Multiplier indicator, which was created by Philip Swift in 2017. There are secrets hidden in the...
Hi everyone👋( Reading time less than 3 minutes ⏰). First of all, I must say that the financial markets always have surprises for us, so we should not be disappointed and stick to our principles, observe the important points of trading, including capital management, and most importantly, trading psychology, do not make emotional decisions and follow your strategy...
According to the previous analysis, Bitcoin correctly completed wave A in the zone I expected (Sniper).🔫🎯👇 It seems that Bitcoin has formed a descending channel to complete wave B, which is the structure of microwave B of wave B is a Double Three Correction(WXY) . The general structure of wave B is Zigzag(5-3-5/ABC). I expect wave B to complete near the...
Hi, everyone👋 (Reading time less than 3 minutes⏰). Today I want to use one of the simplest and, of course, the most widely used technical analysis tools to analyze Bitcoin, the name of this analysis tool is " Candlestick Patterns ".😉 In general, candlestick patterns are used to enter and exit the trade and to understand the price trend in the chart. And the...
Bitcoin seems to have broken the ascending and descending channels & 🟢support zone($ 29,200-$ 28,730) 🟢 by the Head and Shoulders pattern . Of course, the decline in the price of Bitcoin was expected by me based on my previous posts in the daily time frame: (I suggest you view my previous posts). About the Head and Shoulders pattern, there are several points...
Bitcoin has been moving in a Descending Channel for about 3 days. The formation of the Inverse Head and Shoulders pattern near the 🟢support zone($ 27,820-$ 27,700)🟢can be a good sign of breaking the upper line of the descending channel. I expect Bitcoin to start growing after breaking the upper line of the descending channel. The increase of Bitcoin can be as...
Bitcoin reacted to the bottom of the descending channel and the 🟢heavy support zone($ 29,200-$ 28,730) 🟢, and the bottom of the ascending channel in the 4-hour time frame after falling from the Top of the descending channel with the Double Top pattern, but due to the momentum and volume of the breakout candle, I expect Bitcoin after That the pullback to the lost...
Bitcoin reacted well to the 🟢support zone($ 29,200-$ 28,730) 🟢 over the past day, although I expected Bitcoin to penetrate further into this zone. With today's move, Bitcoin seems to form a descending channel within the main ascending channel. Also, currently, Bitcoin is moving near the 🔴resistance zone($ 30,620-$ 30,450)🔴 and the cross of the resistance lines;...
Hi everyone👋 Bitcoin is moving in an ascending channel. Bitcoin managed to break the 🟢support zone($ 29,880-$ 29,660)🟢 and the middle line of the ascending channel by the candle 4 hours ago. (The volume of the breakout candle was acceptable). Bitcoin's next destination after the pullback to the middle line and support zone will be the next 🟢 support zone($...
First, I must say that in order to have a better understanding of this post, I suggest you look at the following post in the 4-hour time frame.👍👇 Bitcoin's pullback to the broken 🟢support zone($ 29,880-$ 29,660)🟢 seems to follow the corrective structure of the Expanding Flat (3-3-5/ABC/most common), so that the end of wave C is at 🟡 Price Reversal...
Bitcoin has been able to go through 5 main waves at $ 31,043, and now it seems that you have started corrective waves. Bitcoin is currently moving near the resistance line and 🟡Price Reversal Zone(PRZ)🟡. I expect Bitcoin to finish microwave 4 near the PRZ and microwave 5 to continue at least to the 🟢support zone($ 29,880- $ 29,630)🟢 and support line. Bitcoin...