Bitcoin has been moving in a descending channel for about two months⏰.
In terms of the structure of Elliott waves, it seems that the waves in the descending channel are forming a Double Three Correction structure(WXY).
Currently, Bitcoin seems to be completing microwave B of the main wave Y.
I expect Bitcoin to retrace itself to the top of the ascending channel and then attack the 🟢heavy support zone ($ 25,280-$ 24,410)🟢.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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.
In terms of the structure of Elliott waves, it seems that the waves in the descending channel are forming a Double Three Correction structure(WXY).
Currently, Bitcoin seems to be completing microwave B of the main wave Y.
I expect Bitcoin to retrace itself to the top of the ascending channel and then attack the 🟢heavy support zone ($ 25,280-$ 24,410)🟢.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
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
What is your idea❗️❓Note
Bitcoin Analyze !!!🗺️(15-min)
Note
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁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.