🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐
Updated
First, I have to say sorry for the busy chart (BTCUSDT), but my chart needed these lines. Please spend a few minutes on it.🙏
Location: BTC is on Corrective Structure (Zig zag 5-3-5) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months, just prediction).
My idea: still, BTC is on microwave 4 of Main wave C. as you know, one of the shapes of wave 4 is a triangle. I was able to find the 3 main points of the triangle A-B-C (Contracting Triangle). Point C has found with Bearish Gartley Harmonic Pattern + 78.6% Fibonacci (Point A) until (Point B).
For finding Point D, we have to concentrate on correcting microwaves (a-b-c) that are on the way to point D, I was able to find Bullish Crab Harmonic Pattern on the end of microwave a. microwave b can be around 37040$ or 37960$.
I think that Point D can be around 35698$ == 61.8% Fibonacci (Point B) until (Point C).
I have three Scenario :
Scenario 1: when the price arrives to Point D, it can break the lower line of our triangle, and then the price starts to go down, so the end of microwave 4 of Main wave C was at Point C + microwave 5 of Main wave C has started.
Scenario 2: when the price arrives to Point D, then the price goes up until Point E. Point E can be a Critical Point for us (It is the end of microwave 4 of Main wave C), better, I had to say that market will decide to go UP or DOWN (UP will make my Scenario 3//DOWN will make my Scenario 2). If the price goes DOWN at Point E, we can say that microwave 5 of Main wave C has started.
Scenario 3: when the price arrives to Point D, then the price goes up until Point E. Point E can be a Critical Point for us(It is the end of microwave 4 of Main wave C), better, I had to say that market will decide to go UP or DOWN (UP will make my Scenario 3//DOWN will make my Scenario 2). If the price goes UP at Point E, we can say that BTC will go UP by 5 new impulsive waves.
My Suggestion: please do not buy Coins for Midterm and Long-term investment until the market finds a way.
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 on this post.
Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.
Good luck
Location: BTC is on Corrective Structure (Zig zag 5-3-5) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months, just prediction).
My idea: still, BTC is on microwave 4 of Main wave C. as you know, one of the shapes of wave 4 is a triangle. I was able to find the 3 main points of the triangle A-B-C (Contracting Triangle). Point C has found with Bearish Gartley Harmonic Pattern + 78.6% Fibonacci (Point A) until (Point B).
For finding Point D, we have to concentrate on correcting microwaves (a-b-c) that are on the way to point D, I was able to find Bullish Crab Harmonic Pattern on the end of microwave a. microwave b can be around 37040$ or 37960$.
I think that Point D can be around 35698$ == 61.8% Fibonacci (Point B) until (Point C).
I have three Scenario :
Scenario 1: when the price arrives to Point D, it can break the lower line of our triangle, and then the price starts to go down, so the end of microwave 4 of Main wave C was at Point C + microwave 5 of Main wave C has started.
Scenario 2: when the price arrives to Point D, then the price goes up until Point E. Point E can be a Critical Point for us (It is the end of microwave 4 of Main wave C), better, I had to say that market will decide to go UP or DOWN (UP will make my Scenario 3//DOWN will make my Scenario 2). If the price goes DOWN at Point E, we can say that microwave 5 of Main wave C has started.
Scenario 3: when the price arrives to Point D, then the price goes up until Point E. Point E can be a Critical Point for us(It is the end of microwave 4 of Main wave C), better, I had to say that market will decide to go UP or DOWN (UP will make my Scenario 3//DOWN will make my Scenario 2). If the price goes UP at Point E, we can say that BTC will go UP by 5 new impulsive waves.
My Suggestion: please do not buy Coins for Midterm and Long-term investment until the market finds a way.
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 on this post.
Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.
Good luck
Note
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