Bitcoin Analyze (Ascending Channel+ Counting Waves)!!!
Updated
Hi Every, what did you do these days ?! did you take profits from the market or just Watching Charts & ideas?
Today I want to Count the waves that we are seeing on our Ascending Channel, and find where is the end of this beautiful Ralley😊 ?!
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h⏰
First, If you want to know about my analysis for Daily Timeframe, Please visit my previous post ''Bitcoin Analyze (Daily)!!!''.
Location🌊: My idea, Bitcoin is Still on Corrective structure and it didn't start New 5 Impulsive waves, so the waves that are seeing on Ascending Channel have Corrective Structure (A-B-C).
Wave A: it has started from 29280$ until 42600$== Structure of Wave A == 5 microwaves == So we could understand, we will have a Zigzag correction (5-3-5).
Wave B: it has started from 42600$ until 37330$== Structure of Wave B == 3 microwaves (Falling Wedge).
Wave C: it has started from 42600$ until ?? = Structure of Wave C == 5 microwaves.
Where is the End of Wave C? (Regarding the end Time of wave C, we can find the end of wave C at TRZ)
Scenario 1: If wave B is a triangle or Wedge, there is a higher chance that wave C may only reach the 61.8% extension target ==45564$ == Around current Price == More Possible
Scenario 2: Waves A and C of a correction tend towards equality (same size 100%) ==50652$
My Suggestion: If price can break our Heave Resistance you can open Long Positions and your take profit will be around 50652$// If the price is starting to go DOWN from the current price zone, then you can find triggers for opening Short Positions.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Today I want to Count the waves that we are seeing on our Ascending Channel, and find where is the end of this beautiful Ralley😊 ?!
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h⏰
First, If you want to know about my analysis for Daily Timeframe, Please visit my previous post ''Bitcoin Analyze (Daily)!!!''.
Location🌊: My idea, Bitcoin is Still on Corrective structure and it didn't start New 5 Impulsive waves, so the waves that are seeing on Ascending Channel have Corrective Structure (A-B-C).
Wave A: it has started from 29280$ until 42600$== Structure of Wave A == 5 microwaves == So we could understand, we will have a Zigzag correction (5-3-5).
Wave B: it has started from 42600$ until 37330$== Structure of Wave B == 3 microwaves (Falling Wedge).
Wave C: it has started from 42600$ until ?? = Structure of Wave C == 5 microwaves.
Where is the End of Wave C? (Regarding the end Time of wave C, we can find the end of wave C at TRZ)
Scenario 1: If wave B is a triangle or Wedge, there is a higher chance that wave C may only reach the 61.8% extension target ==45564$ == Around current Price == More Possible
Scenario 2: Waves A and C of a correction tend towards equality (same size 100%) ==50652$
My Suggestion: If price can break our Heave Resistance you can open Long Positions and your take profit will be around 50652$// If the price is starting to go DOWN from the current price zone, then you can find triggers for opening Short Positions.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Note
Bitcoin Analyze (Daily)!!!
Note
Symmetrical Triangle ❗️
Timeframe 15min⏰
Note
Seem, First TRZ worked 🧐Note
Symmetrical Triangle ❗️Update❗️(Pullback)❗️
Timeframe 15min⏰
Note
wave 3 is Extended.
61.8%=46700$
100%=48000$
wave 5 =61.82% or 100% wave 3
Note
Update❗️👍
Note
Update❗️👍
Timeframe 15min⏰
Note
Over 47900$ our counting waves will change ❗️
Complex Waves == we found the end of W✅
Now we have to concentrate on the end of X❓
Timeframe 15min⏰
Note
Road Map
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.