Hi everyone, Today I want to talk about Bitcoin's Road Map 🗺️ and find the end of this Beautiful Ralley.
First, I have to say sorry for the busy chart, but I suggest to you please spend some minutes on this post, probably useful (This is just my idea).
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h⏰
Location🌊: Bitcoin's Correction has started at around 64200$. Bitcoin was able to pass the First Main wave of Correction (Main wave A) at 28805$. Wave A had 5 microwaves, so we have to wait for seeing ZigZag (5-3-5) Correction (I am believing that corrective structure hasn't ended).
Now, We are on Main wave B, and Main wave B has to have 3 microwaves (A-B-C).
The first step: Finding the end of Main wave B.
I found the end of Microwaves A & B of Main wave B. microwave A and B of the Main wave B have 3 microwaves, so microwave C has to have 5 microwaves. The structure of Main Wave B will be Flat (3-3-5).
The Second Step: Finding the end of Microwave C of Main wave B (my Aim🎯).
Where is the end of Main Wave B?
1) Because we are on ZigZag Correction, Main wave B usually retraces between 38% – 79% of Main wave A (42575$-57140$) but We can limit this range by Guidelines.
Guidelines:
If wave B is a running triangle, it will typically only retrace 10 – 40% of wave A= our Main wave B is Not running triangle⛔️
If wave B is any other sideways correction, it will typically 38% – 50% of wave A= The end of our Main wave B can be around this zone ✅ (42575$-46830$)
if wave B is a zigzag, it will typically retrace 50% – 79% of wave A= our Main wave B is Not ZigZag⛔️=== Structure of Main wave B is Flat, as result End of Main wave B can be around 49685$
2) as I said, microwave C has 5 microwaves, while microwave 1 of microwave C is extended.
Guidelines:
If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% (45470$-47684$) relative to the size of wave 1== 47684$ (Current Price)❗️== it can be the end of Main wave B ❗️
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)== This item has complied ✅
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)== This item has complied ✅
Also, microwave C of Main wave B is running on a Rising Wedge.
Result: we can find End of Main wave B from 47684$ until 49685$.
In addition, probably we can find the end of Main wave B at TRZ.
The end of Main wave C can be around 27113$ (Even).
Thanks for reading this post, I hope that is useful for all.🌹🙏
My Suggestion: if you have coins, you have to think about taking profit from them Soon/ if you don't have coins, Don't be FOMO, probably time will give you another chance 👍😉.
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 be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
First, I have to say sorry for the busy chart, but I suggest to you please spend some minutes on this post, probably useful (This is just my idea).
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h⏰
Location🌊: Bitcoin's Correction has started at around 64200$. Bitcoin was able to pass the First Main wave of Correction (Main wave A) at 28805$. Wave A had 5 microwaves, so we have to wait for seeing ZigZag (5-3-5) Correction (I am believing that corrective structure hasn't ended).
Now, We are on Main wave B, and Main wave B has to have 3 microwaves (A-B-C).
The first step: Finding the end of Main wave B.
I found the end of Microwaves A & B of Main wave B. microwave A and B of the Main wave B have 3 microwaves, so microwave C has to have 5 microwaves. The structure of Main Wave B will be Flat (3-3-5).
The Second Step: Finding the end of Microwave C of Main wave B (my Aim🎯).
Where is the end of Main Wave B?
1) Because we are on ZigZag Correction, Main wave B usually retraces between 38% – 79% of Main wave A (42575$-57140$) but We can limit this range by Guidelines.
Guidelines:
If wave B is a running triangle, it will typically only retrace 10 – 40% of wave A= our Main wave B is Not running triangle⛔️
If wave B is any other sideways correction, it will typically 38% – 50% of wave A= The end of our Main wave B can be around this zone ✅ (42575$-46830$)
if wave B is a zigzag, it will typically retrace 50% – 79% of wave A= our Main wave B is Not ZigZag⛔️=== Structure of Main wave B is Flat, as result End of Main wave B can be around 49685$
2) as I said, microwave C has 5 microwaves, while microwave 1 of microwave C is extended.
Guidelines:
If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% (45470$-47684$) relative to the size of wave 1== 47684$ (Current Price)❗️== it can be the end of Main wave B ❗️
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)== This item has complied ✅
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)== This item has complied ✅
Also, microwave C of Main wave B is running on a Rising Wedge.
Result: we can find End of Main wave B from 47684$ until 49685$.
In addition, probably we can find the end of Main wave B at TRZ.
The end of Main wave C can be around 27113$ (Even).
Thanks for reading this post, I hope that is useful for all.🌹🙏
My Suggestion: if you have coins, you have to think about taking profit from them Soon/ if you don't have coins, Don't be FOMO, probably time will give you another chance 👍😉.
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 be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🎁 Free Real VIP Forex and Crypto Signals. Please visit:
🔗 t.me/ProTrader_365
🔗 t.me/ProTrader_365
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.