💡Bitcoin is trying to break the Descending Channel during these hours.
💡Also, for the second time, Bitcoin is trying to break one of the important 🟡Price Reversal Zone(PRZ)🟡.
🌊According to the theory of Elliott waves, if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3, otherwise microwave 4 can have a structure similar to Double Three Correction(WXY).
🔔I expect the end of the main wave 3 to be at or slightly above the upper end of the🟡Price Reversal Zone(PRZ)🟡, so we should expect a 🐮Bull Trap🐮 in the higher of the 🟡Price Reversal Zone(PRZ)🟡.
🔔Finally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall 🎯Targets🎯 can be Support lines and 🔵CME Gaps🔵.
💡In the end, I must say that wave counting during these last few weeks was one of the most challenging analyses in terms of Elliott's theory.
❗️⚠️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.
💡Also, for the second time, Bitcoin is trying to break one of the important 🟡Price Reversal Zone(PRZ)🟡.
🌊According to the theory of Elliott waves, if the descending channel breaks validly, we can confirm the end of microwave 4 of the main wave 3, otherwise microwave 4 can have a structure similar to Double Three Correction(WXY).
🔔I expect the end of the main wave 3 to be at or slightly above the upper end of the🟡Price Reversal Zone(PRZ)🟡, so we should expect a 🐮Bull Trap🐮 in the higher of the 🟡Price Reversal Zone(PRZ)🟡.
🔔Finally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall 🎯Targets🎯 can be Support lines and 🔵CME Gaps🔵.
💡In the end, I must say that wave counting during these last few weeks was one of the most challenging analyses in terms of Elliott's theory.
❗️⚠️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.
تم فتح الصفقة
Longملاحظة
Risk free was touched for Long Positionتم فتح الصفقة
Short Position
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.