Bitcoin Analyze (What will happen❗️❓)
Let's see today if Bitcoin has started an upward trend or if this price increase that we saw in the past days was just a bear trap or the work of price changes by 🐋whales🐋 and exchanges.
🔆First of all, I think you should carefully read my previous posts that I put on the chart to have a better understanding of today's post and analysis (Although I tried to cover each of them briefly).
Today's Bitcoin analysis is on a daily time frame.
Since in the weekly chart, the heavy resistance zone, which was before the break of the heavy support zone, was broken by a weekly red candle with a long body and high volume (It is interesting to note that the candle of the first week of November 2022 has the large volume of all weekly candles ever created, so the breakout made by this candle is not expected to be fake).👇
Another point that we can get from the analysis of Bitcoin in the weekly time frame is that Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth ( Bitcoin has reacted well to all ascending channel lines).👇
🔁Now let's go back to the analysis of Bitcoin in the daily time frame and today's chart.🔁
Bitcoin is attacking the PRZ(Price Reversal Zone) for the third time, and this time, in addition to attacking the PRZ, Bitcoin is also trending towards the important downtrend line, and it is also forming a bearish ALT 🦇Bat🦇 harmonic pattern near this downtrend line.👇(Bitcoin reacted well to the PRZ last time)
Since we have not seen significant volume in this bullish rally and also EMA 100 (Daily TF) as a dynamic resistance has worked well on the Bitcoin chart in the past, and now Bitcoin has hit the EMA 100 (Daily TF) again, so I expect Bitcoin After hitting the important downtrend line and forming the bearish ALT 🦇Bat🦇 harmonic pattern, it will fall again at least until the support lines.
To better understand the resistance and support zones of Bitcoin in lower time frames, I also shared with you the chart of Bitcoin in the 4-hour time frame.👇
❗️Note❗️: if Bitcoin goes up over $19800, Bitcoin can 🚀pump🚀 at least to $25000.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position that 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 of all, I think you should carefully read my previous posts that I put on the chart to have a better understanding of today's post and analysis (Although I tried to cover each of them briefly).
Today's Bitcoin analysis is on a daily time frame.
Since in the weekly chart, the heavy resistance zone, which was before the break of the heavy support zone, was broken by a weekly red candle with a long body and high volume (It is interesting to note that the candle of the first week of November 2022 has the large volume of all weekly candles ever created, so the breakout made by this candle is not expected to be fake).👇
Another point that we can get from the analysis of Bitcoin in the weekly time frame is that Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth ( Bitcoin has reacted well to all ascending channel lines).👇
🔁Now let's go back to the analysis of Bitcoin in the daily time frame and today's chart.🔁
Bitcoin is attacking the PRZ(Price Reversal Zone) for the third time, and this time, in addition to attacking the PRZ, Bitcoin is also trending towards the important downtrend line, and it is also forming a bearish ALT 🦇Bat🦇 harmonic pattern near this downtrend line.👇(Bitcoin reacted well to the PRZ last time)
Since we have not seen significant volume in this bullish rally and also EMA 100 (Daily TF) as a dynamic resistance has worked well on the Bitcoin chart in the past, and now Bitcoin has hit the EMA 100 (Daily TF) again, so I expect Bitcoin After hitting the important downtrend line and forming the bearish ALT 🦇Bat🦇 harmonic pattern, it will fall again at least until the support lines.
To better understand the resistance and support zones of Bitcoin in lower time frames, I also shared with you the chart of Bitcoin in the 4-hour time frame.👇
❗️Note❗️: if Bitcoin goes up over $19800, Bitcoin can 🚀pump🚀 at least to $25000.
Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position that 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.
Comment:
Study time less than 7 minutes
Comment:
What is your idea?
