⚠️ Before anything else, pay close attention to the analysis timeframe. This is a 3 day timeframe, meaning the setup is long term in nature and may take time to develop.
Bitcoin is currently forming a diamond-shaped diametric pattern and appears to be in the middle of Wave E. In diametric formations, Wave E is typically one of the strongest and most powerful waves.
A new Bitcoin supply zone is located within the red area. Any retracement back into this supply zone could provide an opportunity to enter a short position.
Our minimum expectation is for Wave E to decline at least toward the 53K level.
The key question now is whether Wave E alone will be enough to reach the green zone, or if the market will require Wave G to complete the move into that area.
⚠️ Avoid taking blind short positions. The market has already experienced a significant drop and may undergo a temporary recovery. Focus on short setups that are confirmed by your analysis and provide a valid trigger before entering a trade.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think BITCOIN is bearish?
Bitcoin is currently forming a diamond-shaped diametric pattern and appears to be in the middle of Wave E. In diametric formations, Wave E is typically one of the strongest and most powerful waves.
A new Bitcoin supply zone is located within the red area. Any retracement back into this supply zone could provide an opportunity to enter a short position.
Our minimum expectation is for Wave E to decline at least toward the 53K level.
The key question now is whether Wave E alone will be enough to reach the green zone, or if the market will require Wave G to complete the move into that area.
⚠️ Avoid taking blind short positions. The market has already experienced a significant drop and may undergo a temporary recovery. Focus on short setups that are confirmed by your analysis and provide a valid trigger before entering a trade.
If you have a symbol you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think BITCOIN is bearish?
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
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.