Bitcoin Analyze(Descending Triangle+Falling Wedges+Channels)!!!
Updated
Hi Everyone, I hope that you took profit from my analysis, I will glad to see your comments below my posts.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!''.
Bitcoin was able to make some Triangles and Wedges, and I tried to find most of them. one of important Triangle and Wedge that I found on bitcoin's way were Descending Triangle & Falling Wedge. I think that both of them will work for us.
Descending triangle will take our Heavy support (316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles)) from us and Falling Wedge will work +finish Bitcoin's Correction (Probably price will see 26000$ and maybe less).
LIVE: Bitcoin is running on Falling Wedge (Weak pattern) + Descending Channel. at the same time Price is on the lower lines of Falling Wedge and the middle of Descending Channel, and the Important line. if you are watching my chart carefully, you will understand that when the price is closing to this line, price has started to react to it. also I found Bullish Three Drives at TRZ 1.
RSI Analyze: RSI is running on Descending Channel, and now RSI is on lower line of Descending Channel + lower Band.👉
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST(for Jun 9)😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$), then we can think about opening Long positions for the Short-term// also you can find Triggers for opening Long positions at TRZ 1 or TRZ 2 for Shot term//Please follow my lines(Red and Orange)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade s
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!''.
Bitcoin was able to make some Triangles and Wedges, and I tried to find most of them. one of important Triangle and Wedge that I found on bitcoin's way were Descending Triangle & Falling Wedge. I think that both of them will work for us.
Descending triangle will take our Heavy support (316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles)) from us and Falling Wedge will work +finish Bitcoin's Correction (Probably price will see 26000$ and maybe less).
LIVE: Bitcoin is running on Falling Wedge (Weak pattern) + Descending Channel. at the same time Price is on the lower lines of Falling Wedge and the middle of Descending Channel, and the Important line. if you are watching my chart carefully, you will understand that when the price is closing to this line, price has started to react to it. also I found Bullish Three Drives at TRZ 1.
RSI Analyze: RSI is running on Descending Channel, and now RSI is on lower line of Descending Channel + lower Band.👉
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST(for Jun 9)😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$), then we can think about opening Long positions for the Short-term// also you can find Triggers for opening Long positions at TRZ 1 or TRZ 2 for Shot term//Please follow my lines(Red and Orange)
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 ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade s
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