⚠️BTC Market Cycle | Repetitive and Predictable Market Cycle.

Hi
BTCUSDT

✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).

➡️Chart is speaking itself.
According to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves is now starting to form new corrective waves.

-So far we are repeating ABC correction cycle Scenario?
-Same RSI & MACD Divergence🔻
-Same rejection off the Major Resistance🔻

-The price has now completed wave A and is now creating wave B. The price can go up to 49K to complete wave B.

-Resistance Zone(49K-$51k) & Support Zone(39k)
-Bitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!

⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Giao dịch đang hoạt động

Giao dịch đang hoạt động:

🧿Now it is time for it to Starting its downward corrective waves(BC).