ðĄBitcoin is trying to break the Descending Channel during these hours.
ðĄAlso, for the second time, Bitcoin is trying to break one of the important ðĄPrice Reversal Zone(PRZ)ðĄ.
ðAccording 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).
ðI expect the end of the main wave 3 to be at or slightly above the upper end of theðĄPrice Reversal Zone(PRZ)ðĄ, so we should expect a ðŪBull TrapðŪ in the higher of the ðĄPrice Reversal Zone(PRZ)ðĄ.
ðFinally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall ðŊTargetsðŊ can be Support lines and ðĩCME Gapsðĩ.
ðĄIn 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.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðĄAlso, for the second time, Bitcoin is trying to break one of the important ðĄPrice Reversal Zone(PRZ)ðĄ.
ðAccording 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).
ðI expect the end of the main wave 3 to be at or slightly above the upper end of theðĄPrice Reversal Zone(PRZ)ðĄ, so we should expect a ðŪBull TrapðŪ in the higher of the ðĄPrice Reversal Zone(PRZ)ðĄ.
ðFinally, Bitcoin starts to Fall after confirming the end of the main wave 3, and the fall ðŊTargetsðŊ can be Support lines and ðĩCME Gapsðĩ.
ðĄIn 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.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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ð Free VIP Forex and Crypto Signals, please visit:
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ð t.me/ProTrader_365
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