Bitcoin Analyze (Descending Triangle + Falling Wedge)!!!
Updated
Hi, as I said in my last post, probably I was able to find the end of microwave 4 of main wave C at 36600$.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle)!!!''.just I can say if the price breaks our ascending Channel (to down), I will be more sure about the end of microwave 4 of main wave C❗️( Probably we will lose it).
patterns: Bitcoin is running on Descending Triangle (Even we saw fake break last night, Middle line of ascending channel & 78.6% Fib & TRZ1 was able to hold our triangle). now we have to find Point D of Descending Triangle. First, I tried to find the time of Point D (we can find Point D at TRZ2 or TRZ3), Also we will have Bullish Gartley Harmonic Pattern at Point D.
Still, we can't receive great news from the market, and some of the important Countries that they are working in the field of Cryptocurrency put Rules or Boycott it or they are bothering Exchanges+ Miners (Countries like China+UK+India+Iran+...) == as result, I think that we will lose heavy support (316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles) soon. if we lose it, my idea: the price will run on Falling Wedge and after that we can find the end of microwave 5 of main wave C (The end of Corrective Structure) on the lower line of Falling Wedge, and then we can see real Bullish market.
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. Over 43780$ our counting waves will fail and we can think about buying coins.
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
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle)!!!''.just I can say if the price breaks our ascending Channel (to down), I will be more sure about the end of microwave 4 of main wave C❗️( Probably we will lose it).
patterns: Bitcoin is running on Descending Triangle (Even we saw fake break last night, Middle line of ascending channel & 78.6% Fib & TRZ1 was able to hold our triangle). now we have to find Point D of Descending Triangle. First, I tried to find the time of Point D (we can find Point D at TRZ2 or TRZ3), Also we will have Bullish Gartley Harmonic Pattern at Point D.
Still, we can't receive great news from the market, and some of the important Countries that they are working in the field of Cryptocurrency put Rules or Boycott it or they are bothering Exchanges+ Miners (Countries like China+UK+India+Iran+...) == as result, I think that we will lose heavy support (316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles) soon. if we lose it, my idea: the price will run on Falling Wedge and after that we can find the end of microwave 5 of main wave C (The end of Corrective Structure) on the lower line of Falling Wedge, and then we can see real Bullish market.
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. Over 43780$ our counting waves will fail and we can think about buying coins.
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
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