Bitcoin is in a bearish phase. It appears that Wave C of the bearish phase has transformed into a dimaetric.
The price is expected to bounce back from the green zone toward the upside, and then we may see the main rejection from the red box. The bullish wave we are expecting for Bitcoin corresponds to Wave D.
Let’s see whether a double bottom forms to support the price upward or not.
A daily candle close below the invalidation level will invalidate the bullish Wave D.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The price is expected to bounce back from the green zone toward the upside, and then we may see the main rejection from the red box. The bullish wave we are expecting for Bitcoin corresponds to Wave D.
Let’s see whether a double bottom forms to support the price upward or not.
A daily candle close below the invalidation level will invalidate the bullish Wave D.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade ativo
As we explained in the previous analysis, the last bearish wave was the final wave of wave C, and we will have a bullish wave D. We also mentioned that if the price returns to the green box, we would be buyers, which happened with a very small deviation from the green box.Currently, wave D still has room to develop in terms of time, so if the price returns to the upper green box area, we can buy again.
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📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🔥 Don't Just Watch the Market. Understand It!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.