Btcusdshort
BITCOIN parallel channel and more range correction expected ❌🧨Hello 🐋
we can see more correction to the downside, at least close to great daily support level ($26000 to $27000) ❌🧨❌🧨❌
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
for
any other huge pump, we need more correction 📖📖📖📖📖
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BITCOIN brief correction to the downside ❌🧨Hello 🐋
we can see more correction to the downside, at least close to great daily support level ($26000 to $27000) ❌🧨❌🧨❌
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
for
any other huge pump, we need more correction 📖📖📖📖📖
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
BTC, goblin town coming??In a short from the signal that printed yesterday. PA suggests to me that we are heading further down than the last recent lows printed, although we may pop up again from this for one last short entry.
These are the levels I am looking at currently, where if we are on a bigger downtrend i expect BTC to work its way towards.
Lets play it level by level.
Whatever you need to know about BTC sycle** IT'S NOT FINANCIAL ADVICE **
** SO PAY ATTENTION IT'S JUST MY IDEA ABOUT THE NEXT MOVEMENT IN THE CRYPTOCURRENCY MARKET **
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Hello Guys
what's up?
Hope you feel great and always be happy and successful.
Today I want to talk about the Elliot cycle of Bitcoin.
it's really interesting.
so don't waste time and see carefully this Elliot analysis.
this analysis is about BTC in the weekly timeframe.
as you see we have two different parts.
in the first part, a huge bullish trend is obvious.
I drew the five main trend (Red Line)
and show you all the details you need to know. it's about minor waves(Blue & Black lines)
so after finishing 5th wave, I expect the market to correct. this correction contains three waves. we call it A, B, C
A is a downtrend wave.
B is up trend wave.
C is a downtrend wave.
The market started to downtrend from 69k to 15k as A downtrend.
at the end of the A wave (15500) we started an uptrend that we know as B.
and finally, we have a C downtrend to the support zone.
but there is a question, How high can the B wave rise?
well, well, well ... let me tell you.
we change the timeframe from weekly to daily. so we can see 35500-36000 is a very strong zone that causes to push the price in the previous movement to 69K.
at this time we lost this support zone and unfortunately, this support zone converted to a Resistance zone.it's really bad news. I expect the price to retest 32500-33500 and then drop. it means the B wave will be finished. and a new correction wave is beginning.
as I told you in the previous analysis we have three strong zones to support the price
this first one is 9800-12500
the second one is 7500-8500 and the Third one is 3800-4300
it means the target of the C wave is one of three support zone.
and if we close two days below the first support zone with high volume, the next support zone will be active.
please pay attention to money management and put stop loss in your trade.
I EXPECT YOU TO SHARE THIS ANALYSIS WITH YOUR FRIENDS AND WRITE YOUR COMMENTS BELOW.
Thank you so much in advance.
BITCOIN parallel channel more range and correction ❌🧨Hello 🐋
we can see more correction to the downside, at least close to great daily support level ($27000 to $28000) ❌🧨❌🧨❌
in other word
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
for
any other huge pump, we need more correction 📖📖📖📖📖
if
breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨
brief amount of green candlesticks to the upside before any other movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Mainly shorting BitcoinThe BTC/USDT trading signal given today made some profits in the trading.
So how should BTC/USDT be traded next?Overall, before the upward breakthrough of 30,000 points, the resistance above Bitcoin was relatively large. On the whole, Bitcoin's rebound after the decline was relatively small, and the overall trend of volatility was still maintained.Then in the next trend, mainly focus on the following points.
1.Pay attention to the short-term support area 28200-28000 area. If the support area is not broken, you can try to go long BTC/USDT in small batches.
2.Pay attention to the short-term resistance area 29200-29400 area. If you cannot effectively break through this area during the rebound process, you can try to go long BTC/USDT in small batches.
3.Pay attention to the resistance area 29800-30000 area above, and when the market rebounds to this area, you can boldly short BTC/USDT.
The above are the key areas of BTC that need to be paid attention to in the short term and the general trading rhythm, and I will announce the more detailed trading rhythm and entry position in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
Bitcoin trend line resistance continues to cap gains.Bitcoin - 24h expiry - We look to Sell at 29386 (stop at 29986)
Trend line resistance is located at 29400.
Expect trading to remain mixed and volatile. Intraday signals are mildly bearish.
We look for a temporary move higher.
Prices expected to stall near trend line resistance.
Our profit targets will be 27886 and 27686
Resistance: 29300 / 30000 / 30400
Support: 29000 / 28700 / 28200
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