Hi Traders, Hope you Doing Well.
Here we have an analytical and educational article on the future of Bitcoin and also the CryptoCurrencies Trend.
At first, let's have a closer look at BTCUSD Analysis to find what the plan in Greater View. in general, we are in a 5-wave downward trend, which is forming internal micro-waves from the fifth wave right now (on 2-5 is going to be complete to start the next aggressive wave of 3-5)
READ THIS PART TWICE:
HOW TO FIND THE TREND?
** To identify the main direction of the trends, you can easily confirm the movement scenario by observing the candles and their strength in both directions, because falling trends are formed with large candles and with strong bodies, and they cause a large fall in a limited number of candles as shown in the chart with a red circle and in contrast to the current corrective or bullish trends with the number of high candles and small candles and the return of any rise, which can easily confirm the scenario of a corrective wave as shown in the chart with an orange circle.
HOW TO FIND THE TARGETS ?
So now, we are in the middle of correction and This corrective trend can pass up to the range of 50% to 61.8% of its previous corrective wave, it should be a great chance to have a shot at this level (of course if the scenario gets approved by the price)! and this section is match with another level, which will also reach the range of the 2-4 trend line of the previous waves. This marked Fibonacci range is a golden point to confirm the continuation of the bearish trend or the reversal of an uptrend. so we have to watch it carefully.
If the downward scenario is confirmed, the next drop can go lower than the previous floor in September and June, and we will probably have a price reduction down to the price range of 13,000-14,000 dollars, considering the impact of Bitcoin on other cryptocurrencies such as ETH and MATIC which I'll post the technical analysis later today, so BTC can bring down the entire market to lower levels with its price correction movement.
But since this downward trend will be the last possible decrease in this bear market and maybe there won't be any other lower lows than this one so this downward trend can happen very quickly and even faster than what you expect from it, so it should be accompanied by the necessary reactions to purchase assets at low prices in order to hold, To benefit from the next bull run.
SO, WHERE TO BUY
So We have Put our Orders on 13,800 $ & 11,900 $ to maybe if the price gets there we can hunt our Bitcoins,
And Also about the ETH, we had set our orders on 870 $ which can be the same as the last Low for the 1st step.
Here we have an analytical and educational article on the future of Bitcoin and also the CryptoCurrencies Trend.
At first, let's have a closer look at BTCUSD Analysis to find what the plan in Greater View. in general, we are in a 5-wave downward trend, which is forming internal micro-waves from the fifth wave right now (on 2-5 is going to be complete to start the next aggressive wave of 3-5)
READ THIS PART TWICE:
HOW TO FIND THE TREND?
** To identify the main direction of the trends, you can easily confirm the movement scenario by observing the candles and their strength in both directions, because falling trends are formed with large candles and with strong bodies, and they cause a large fall in a limited number of candles as shown in the chart with a red circle and in contrast to the current corrective or bullish trends with the number of high candles and small candles and the return of any rise, which can easily confirm the scenario of a corrective wave as shown in the chart with an orange circle.
HOW TO FIND THE TARGETS ?
So now, we are in the middle of correction and This corrective trend can pass up to the range of 50% to 61.8% of its previous corrective wave, it should be a great chance to have a shot at this level (of course if the scenario gets approved by the price)! and this section is match with another level, which will also reach the range of the 2-4 trend line of the previous waves. This marked Fibonacci range is a golden point to confirm the continuation of the bearish trend or the reversal of an uptrend. so we have to watch it carefully.
If the downward scenario is confirmed, the next drop can go lower than the previous floor in September and June, and we will probably have a price reduction down to the price range of 13,000-14,000 dollars, considering the impact of Bitcoin on other cryptocurrencies such as ETH and MATIC which I'll post the technical analysis later today, so BTC can bring down the entire market to lower levels with its price correction movement.
But since this downward trend will be the last possible decrease in this bear market and maybe there won't be any other lower lows than this one so this downward trend can happen very quickly and even faster than what you expect from it, so it should be accompanied by the necessary reactions to purchase assets at low prices in order to hold, To benefit from the next bull run.
SO, WHERE TO BUY
So We have Put our Orders on 13,800 $ & 11,900 $ to maybe if the price gets there we can hunt our Bitcoins,
And Also about the ETH, we had set our orders on 870 $ which can be the same as the last Low for the 1st step.
Trade active
The trading Plan Is Activated, Trend will get Strength if we lost 18,800 $Keep Calm & Ride the Waves
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.