Bitcoin’s Candlestick Pattern- Reversal Signal Confirmed?
As I expected in the previous post, Bitcoin(
BTCUSDT) started to fall with the help of a Symmetrical Triangle Pattern.
Bitcoin is moving near Support lines and the important Potential Reversal Zone(PRZ)[$85,150-$82,740].
According to the theory of Elliott waves, Bitcoin seems to have successfully completed its 5 downward impulse waves. One of the signs of the completion of the main wave 5 is the Regular Divergence (RD+) between two consecutive valleys.
Another sign of Bitcoin's reverse can be the Hammer Candlestick Pattern.
Let's take some risks today and swim against the current, but please follow capital management and follow your strategy.
I expect Bitcoin to rise to at least the Heavy Support zone($93,300-$90,500)(broken) after breaking the Resistance zone($88,200-$87,450).
Do you think Bitcoin can rise to at least $90,000 again?
Note: If Bitcoin goes below $84,500, we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT) started to fall with the help of a Symmetrical Triangle Pattern.Bitcoin is moving near Support lines and the important Potential Reversal Zone(PRZ)[$85,150-$82,740].
According to the theory of Elliott waves, Bitcoin seems to have successfully completed its 5 downward impulse waves. One of the signs of the completion of the main wave 5 is the Regular Divergence (RD+) between two consecutive valleys.
Another sign of Bitcoin's reverse can be the Hammer Candlestick Pattern.
Let's take some risks today and swim against the current, but please follow capital management and follow your strategy.
I expect Bitcoin to rise to at least the Heavy Support zone($93,300-$90,500)(broken) after breaking the Resistance zone($88,200-$87,450).
Do you think Bitcoin can rise to at least $90,000 again?
Note: If Bitcoin goes below $84,500, we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Since Bitcoin failed to break the Resistance zone($88,200-$87,450) in yesterday's attack, I expect BTC to attack the resistance zone again in the coming hours.
If the Resistance zone($88,200-$87,450) is broken, we can expect a further increase.
Trade closed: stop reached
After the approval of Trump's tariffs on Europe and China, Bitcoin experienced a further drop.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.