🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰🏃♂️Bitcoin is moving near the 🔴 Heavy Resistance Zone($44,700-$41,780) 🔴, the Resistance line and Support line .
🌊According to Elliott's wave theory , Bitcoin seems to have completed five impulsive waves .
✅Bitcoin broke the Uptrend line .
🔔I expect Bitcoin to Fall to the 🟢 Heavy Support zone($42,250-$41,500) 🟢soon.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Btcusdtsignal
BITCOIN - MAJOR CORRECTION: STILL -20% LEFT TO GO (TARGET 32K)Bitcoin is correcting. It is as simple as that. Here is my input on things:
What is on the chart? (Follow the steps)
1) Price rallied back in October 2023, breaking the high of the 13th of July 2023. Throughout this breakout a large untouched daily FVG was formed.
2) Following the rally, price slowed down and created an accumulation structure which plays a huge role in this analysis. LIQUIDITY ! This price structure presents a huge target for bears. We pair this idea with the fact that price is currently in a premium area. Where is the price equilibrium located? Right within this accumulation structure.
3) This is a major range that also plays a fundamental role in this analysis. POWER OF 3 .
This is a known price action theory (Power of 3) constituted of 3 (no shit) steps: accumulation, manipulation and distribution. Why is it relevant here? Well open your eyes. We had our accumulation, we had our false break (manipulation) and now what is left? The distribution.
4) I am pairing the price action analysis with some Ichimoku Kinko Hyo technicals. Here we have 3 major bearish signals shown on the daily Ichimoku: break of the Tenkan and Kijun, a Tenkan/Kijun crossover and a Kumo twist (these are all bearish signals and you're free to go learn about Ichimoku Kinko Hyo in your own time).
5) Here we have an even more significant bearish signal/confirmation: the break of the weekly Tenkan + the entry into the daily Kumo meaning price didn't bounce on the Kumo which should act as support if we were to have been bullish.
6) Price closing on the border of the Kumo is never a good sign. This also gave place to a daily FVG that needs to be respected for the continuation of the correction + coupled with the low of the prior range which serves as our BOS level. Metaphorically, Bitcoin is on the edge of a cliff, with a pack of bears creeping up on it and it can't go any higher so it can either jump or take on the pack of bears. Statistically I think it would rather jump to see another day (assuming beyond the cliff there's water so it survives).
7) EQUILIBRIUM . This can be used as a partial target and price would finally be at the doors of the discounted area!
8) The 0.702 level + the July 2023 high + the daily FVG represents in my opinion the best possible entry for a long run position. This analysis would be a long setup if it weren't for the fact that we still have a 20% correction left to do.
As always, I hope you have a wonderful day and make a lot of money! Take care! ;)
🗺️Bitcoin Roadmap🗺️⏰(Daily time frame)⏰👋Hi, everyone.
📈Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a short-term view of Bitcoin regarding the technical analysis . (Please 🌹🙏 respectfully🙏🌹 share if you have a different opinion from me or other analysts).
✅As I expected, Bitcoin started declining from 🟡 Potential Reversal Zone(PRZ) 🟡 after the SEC approval of Bitcoin ETFs . ( In previous posts, I warned you several times that Bitcoin is near the end of its upward trend. )
🏃♂️Bitcoin has been moving in an Ascending Channel for more than a year , and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
⚔️Currently, Bitcoin is attacking the 🟢 Support zone($39,000-$37,000) 🟢, SMA(100) and Support line for the first time . Of course, it seems that Bitcoin will NOT succeed in breaking this zone .
📚 Assets generally do NOT break Support and Resistance zones for the first time.
🌊According to the theory of Elliott waves , Bitcoin seems to have completed five impulse waves in 🟡 Potential Reversal Zone(PRZ) 🟡and is now starting to form new corrective waves .
🔔I expect an upward trend in the coming days and at least an increase in the 🔴 Resistance Zone($43,800-$43,000) 🔴. (Bitcoin has had a high trading volume of around $43,400 , which indicates an important resistance for Bitcoin ).
❗️⚠️Note⚠️❗️If the Daily Candle closes below the 🟢 Support zone($39,000-$37,000) 🟢, we can expect further falls for Bitcoin.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Ready to Increase 🚀➕10%🚀↘️After the SEC approved the Bitcoin ETFs , we saw that Bitcoin has lost more than ➖16% of its value so far ( Buy the Rumor, Sell the News ).
✅As I shared in previous posts , Bitcoin started falling from 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 as I shared with you.
🌊According to the theory of Elliott waves , Bitcoin went through wave 5 with the Expanding Ending Diagonal , and it seems that Bitcoin has already started corrective waves .
🌊Bitcoin has confirmed the end of wave 4 by breaking the Lower line of the ascending channel.
🔔I expect Bitcoin to complete its wave 5 when it fills the 🔵 CME Gap($40,325-$39,290) 🔵 and then rebounds( ➕10% ) to around $43,500 .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin 25/01 Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Consolidation Phase as an Corrective Pattern in Short Time Frame. Completed Break of Structure with Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line to completed its " C " Corrective Wave
#BTCUSDT: Two Possible Scenarios! Dear Traders,
We have update on BINANCE:BTCUSDT two possible scenarios one is expected where price is to reverse sharply from current region or drop from current price area to 32k region. Due to holiday season we expect low volume in the market. Let's wait for price to do its things.
#BTC/USDT#BTC
We have a symmetrical triangle within which the price moves
We expect a strong movement, whether up or down
If it closed below the rectangle on a 4-hour frame at the level of 42000
By closing the 4-hour candle below, we will head to the 39,000 to 38,500 level.
If a 4-hour candle closes at the top of the rectangle at the level of 43500 and the close is above The price is expected to reach 46,500 to 47,000
You must follow the close above or below the rectangle to enter the deal
🚨Bitcoin is Ready to GO DOWN again🚨🏃♂️Bitcoin is moving in an Ascending channel with a low slope of 4 days .
🏃♂️Bitcoin is moving in the 🔴 Resistance Zone($43,720-$43,100) 🔴 and near the upper line of the Ascending channel .
🔔I expect Bitcoin to move to the lower line of the ascending channel again and possibly break this channel.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSD 17/01Pair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Impulse Correction " ab " Completed. Consolidation Phase as an Corrective Pattern in Short Time Frame and Long Time Frame and Rejection from Upper Trend Line. Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line
BTCUSDT: Will it hit $48000? Still remain uncertainBTCUSDT remain uncertain since last two weeks price have continuosly failed to breakthrough 44k region remain sellers strong hold. Still expecting price to bounce back and create a HH. There is high possibility that price even can drop 35k area if we see no strong bullish momentum in coming days.
Comment Down your views on btcusdt?
Bitcoin can go UP by Descending Broadening Wedge Pattern🚀✅Bitcoin started to pump after the approval of ETFs by the SEC , but the technical analysis zones are still working, and I showed you all the movements of Bitcoin in the previous post .
🏃♂️Currently, Bitcoin is still moving in the 🔴Heavy Resistance Zone($52,100-$45,800)🔴 and the bottom of the ascending channel , but I expect Bitcoin to make another temporary rally .
🚀It seems that the formation of a Descending Broadening Wedge Pattern can be a sign of the increase of Bitcoin.
🔔I expect Bitcoin to go UP to at least the 🎯 zone 🎯 it indicated on the chart after breaking the upper line of the wedge pattern .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC short at 48500~5250012 time frame
-
BTC is approaching to the predicted top now, from our previous analysis, that indicated 48k is the top of this bear. However, considering the heated news about ETF, no matter truly or false approved, I think 52500 is the limitation for pump, so this is a proper position to set up a trading plan to short BTC with low leverage.
Here are suggestions for position control:
1. ETF approval
(a) BTC > 48500:
leverage: 30% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 30% of total fund
2. ETF rejection
(a) BTC > 48500:
leverage: 40%~50% of total fund
(b) BTC < 48500:
wait for retest 48500
leverage: 40% of total fund
🗺️Bitcoin Roadmap🗺️(15-minute time frame➡️RR>3.00)🏃♂️Bitcoin is moving near the 🔴 Resistance zone($44,800-$44,160) 🔴 and Inside the Ascending Channel .
🌊According to Elliot's wave theory , wave 3 ended near 50_SMA(Daily) , and now we have to wait for the confirmation of the end of wave 4 .
🌊It seems that the structure of wave 4 is the Double Three Correction(WXY) .
🌊With a lower line of ascending channel broken , we can confirm the end of wave 4 .
🔔After breaking the lower line of the ascending channel, I expect Bitcoin to Fall at least to the 🟢 Support zone($40,900-$40,200) 🟢 and complete wave 5 ( wave 5 can even be truncated) .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis(Stop Hunting or Falling has started)❗️❓🧐The start of the new year 2024 was interesting for Bitcoin; we saw both a Bitcoin Pump/Dump in the first three days.
↗️The reason for the Bitcoin Pump was the news of the possible approval of Bitcoin ETFs on Tuesday and Wednesday.
↘️The Bitcoin Dump was due to the possible rejection of all Bitcoin ETFs ( Predicted by Matrixport ).
🌐It seems that the news is playing with our capital 🤨 So we should use our analytical power and be able to answer the question in the title of this post: " Stop Hunting or Falling has started❗️❓ ."
🔨Bitcoin has started to fall from the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . In general, the price cannot break the resistance/support areas for the first time most of the time, so one would expect the price to start falling from the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, although I personally expected the price to go a little higher and then start to fall.
🌊According to the theory of Elliott waves , it seems that the main wave 5 has finished in the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, and we should wait for the correction waves to start.
🌊In my opinion, two wave counting scenarios can be considered for Bitcoin, so that it seems that Bitcoin has completed its microwave 3 and is looking to complete microwave 4 (corrective), and then we have to wait for microwave 5, but this microwave 5 can end in two ways :
🔸Bitcoin can break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 is completed below the 🟢 Support zone($40,900-$40,200) 🟢, which strengthens our bearish scenario .
🔸Bitcoin can't break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 closes even a little higher than microwave 3 (microwave 5 is truncated). This scenario reinforces the possibility of Bitcoin's growth again .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change
✅Regarding Classical Analysis , if we look at the Bitcoin chart in the 4-hour time frame, we will realize that Bitcoin has succeeded in forming an Ascending Broadening Wedge Pattern .👇
💵Another chart that can help us analyze Bitcoin and the cryptocurrency market is Market Cap USDT Dominance% (USDT.D%) .
💵 USDT.D% is currently moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line , and I think that USDT.D% will increase at least to the 🔴 Resistance zone(6.70%-6.30%) 🔴, and then we have to wait for the SEC and see which scenario (it is clear in the chart below / weekly time frame) happens to USDT.D%, so for now, I think we should wait for a temporary increase in USDT.D% .👇
🔄To find out whether Bitcoin will be greatly affected by the USDT.D% increase or not, it is better to check the Market Cap BTC Dominance% (BTC.D%) chart ( of course, there are other charts that we can take help from ).
🔄 BTC.D% seems to have lost the uptrend line and is waiting for the 🟢 Support zone(49.46%-47.30%) 🟢 to fall, so if the USDT.D% increases , it can be said in a way that Bitcoin will be less affected by the possible fall of the market than other tokens .👇
🔔As a result, I generally expect the cryptocurrency market to experience a correction given the large slope that Bitcoin had from $25,000 to $45,000 , and if the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 of the USDT.D% is broken, we can expect the cryptocurrency market to recover and start to increase again.
🔔The increase of Bitcoin in the last few months is all due to the news of ETFs, and if ETFs are rejected by SEC , we should expect a sharp drop in the market to around $25,000 . Even if ETFs are approved , Bitcoin may NOT experience the expected price increase(It reminds me of the " Buy the rumor, Sell the news ").
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰📈Today I want to show you all the Resistance/Support lines and areas that we should consider for Bitcoin analysis and trading .
💡Bitcoin with the announcement of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC , and the listing of ARK 21Shares spot ETF in DTCC broker started to rise from the 🟢 Support zone($40,900_$40,200) 🟢 to the 🔴 Resistance zone($43,500_$42,800) 🔴.
💡Bitcoin is currently in a sensitive area , so that it seems to have succeeded in breaking the 🔴 Resistance zone($43,500_$42,800) 🔴. On the other hand, there are Resistance lines and 🟡 Price Reversal Zones (PRZs) 🟡above the current price of Bitcoin.
🧐So now that Bitcoin is in a sensitive area, we should use other technical analysis tools such as Elliott Wave Theory .
🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the correction structure of Double Three Correction(WXY) . In such a way that the main wave W and Y have a Zigzag(ABC/5-3-5) correction structure, so it can be said that the correction structure is Double Zigzag Correction(WXY) , which is a special type of Double Three Correction.
💡Another thing to keep in mind is that I expect the DXY index to go up and have a negative effect on Bitcoin due to the correlation(-0.60) between Bitcoin and the DXY index . On the other hand, it is very likely that in the coming week, the Gold chart will also have a downward trend (Gold has a Correlation of 0.51 with Bitcoin at the moment), so Gold can also have a negative effect on Bitcoin.
💡Also, we can see Strong Regular Divergence(RD-) between two Consecutive Peaks .
🔔As a result, I expect Bitcoin to Fall to at least the Support line(1) in the coming days
🚦Since Volume Trading is usually low on Saturdays and Sundays , perhaps the decline of Bitcoin will be a little delayed .
📚Regarding the possibility that the spot Bitcoin ETF will be approved around January 10 , I can say that I think the market is currently full of news about this issue and we saw its effect on the chart weeks ago, so I think Bitcoin can still be corrected until it really is. Let confirmation spot Bitcoin ETF come so we can see another exciting movement in the crypto market.
❗️⚠️Note⚠️❗️: If BTC can touch $44,800, Bullish Scenario will be active == Next 🎯Target🎯 ==🟡 Price Reversal Zones (PRZ(1)) 🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🗺️Bitcoin Roadmap🗺️(🥳Happy New Year 2024🥳)🥳 Congratulate to everyone on the year 2️⃣0️⃣2️⃣4️⃣.
🙏I hope the new year is full of good things for you , your family , and your friends .
💸My wish for you is health first , success in business and personal life in the next step, and a pocket/wallet full of dollars .
🚀Bitcoin made good growth at the start of the New year(2024) , and one of the main reasons for its growth is the possibility of approving the Bitcoin ETF on Tuesday and Wednesday . (It reminds me of the " Buy the rumor, Sell the news " correction).
🏃♂️Bitcoin is currently moving near the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line .
🌊Regarding Elliott wave theory , Bitcoin seems to complete microwave 3 of the main wave 5 .
🔔I expect Bitcoin to drop to the 🟢Support zone($44,800-$44,170)🟢 after the completion of microwave 3 of the main wave 5 and then start to rise again to the end of main wave 5 (zone/$48,200-$46,620) .
🎉 In the end, I hope you have a Nice Holiday.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSD: US dollar strengthens as US bond yields rise pending relInvestors are bracing for a busy week ahead of key economic data, including European inflation data and U.S. employment and non-farm payrolls. These numbers will go a long way in shaping the Federal Reserve and European Central Bank's expectations for monetary policy decisions.
Details of the Fed's discussions are expected to be revealed on Wednesday when the minutes of the December Federal Open Market Committee meeting are released.
According to the CME FedWatch tool, market sentiment reflects an 82% chance that the Fed will start cutting interest rates in March, with more than 150 basis points of easing expected by the end of the year.
Traders are also keeping an eye on volatile oil prices due to concerns about potential supply disruptions in the Middle East following recent attacks on container ships in the Red Sea. In the crypto market, Bitcoin has risen 3.25% since the beginning of the year, reaching its highest level since April 2022, on expectations that the U.S. Securities and Exchange Commission will soon approve Bitcoin spot fund trading. did.
Bitcoin Analysis✈️(Three Rising Valleys Pattern)✈️✅Bitcoin reacted well to 🟡 Price Reversal Zone(PRZ) 🟡, as I had expected in the previous post .
🔨Currently, Bitcoin has managed to break the Resistance lines and is completing a pullback to these lines.
🏃♂️Also, Bitcoin seems to be moving in an ascending channel , and inside this ascending channel , the Three Rising Valleys Pattern can be seen well.
🔔I expect Bitcoin to start rising from the bottom of the ascending channel and continue to rise at least until the upper resistance line or the upper line of the ascending channel .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is Ready to Go 🚀UP🚀Again🚀Bitcoin started to rise near the 🟡 Price Reversal Zone(PRZ) 🟡.
🌊In terms of Elliott waves , a Zigzag(ABC/5-3-5) Correction in the 🟡 Price Reversal Zone(PRZ) 🟡 appears to have been completed .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect Bitcoin to go UP to at least the 🎯 First Target 🎯 I marked on the chart after breaking the Resistance lines .
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟡 Price Reversal Zone(PRZ) 🟡, the scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTCUSDT : Short Trade , 4hHello traders, we want to check BTCUSDT chart. The general trend of the market is up, but the price is moving in a range channel. We expect that the specified resistance level will stop the upward trend of the price and the price will fall to around the price of 42000. Good luck.
Bitcoin Analysis 🕯(Master Candle)🕯👋Hi, I hope you have a great weekend.
📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will be.
📉Today, I want to analyze the Bitcoin daily candles for the last week , which, along with the previous analysis, may help us identify the Bitcoin trend .
🕯If you look closely at the candle from five days ago in the daily time frame , you will see a candle with a red body , long and high volume , which contains five candles so far. The name of this candle is Master Candle .
📚 What is Master Candle ❗️❓
🔸 There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it. It can be applied to forex, gold, oil , crypto, stocks, and indices.
🔸 When a Master Candle forms, a trade is taken if the High/Low breaks , taken of course in the direction of the break.
💡Also, candles number 2 , 3, and 4 together and on the 🔴 Resistance zone($43,560-$42,780) 🔴 form the Evening Star Candlestick Pattern , which is one of the bearish reversal patterns .
💡Another point that may give us more insight into the value of this Master Candle is that this Master Candle is the longest and most voluminous daily Bitcoin candle since Bitcoin started its rally at $25,000 , and the other point is that this Master Candle has appeared at the top of the ascending channel and near the 🔴 Resistance zone($51,500_$45,340) 🔴 and the Regular Divergence(RD-) between two consecutive peak s can be seen.👇
💡Finally, before making a better conclusion, let's take a look at the weekly candlestick . The weekly candlestick has also formed a Hanging Man Candlestick Pattern near the 🔴 Resistance zone($51,500_$45,340) 🔴 and above the ascending channel . Hanging Man Candlestick Pattern is a bearish reversal pattern .👇
🔔As a result, I expect Bitcoin to decline and at least fill the 🔵 CME Gap($40,325-$39,290) 🔵 before falling to the 🟢 Support zone($39,000-$37,000) 🟢, given the Master Candle's red body and other analyses I shared with you earlier.
❗️⚠️Note⚠️❗️: If Bitcoin can break the High($43,810) Master Candle upwards, we can expect Bitcoin to rise to the 🔴 Resistance zone($51,500_$45,340) 🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.