🚨Bitcoin is Ready to Decrease to the Uptrend line🚨

pejman_zwin Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
🏃‍♂️Bitcoin is moving in the 🟡Potential Reversal Zone(PRZ)($50,100-$47,000)🟡.

💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.

🌊According to the theory of Elliott waves, five impulse waves have been completed in 🟡Potential Reversal Zone(PRZ)($50,100-$47,000)🟡.

🔔I expect Bitcoin to fall at least to the Uptrend line, and if this line breaks, we can expect Bitcoin to fall to the 🟢Support zone($44,700-$41,780)🟢.

❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.

Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.

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 ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

Bitcoin started to fly like a dragon at the beginning of the Chinese year, although the analysis is still valid.

Of course, news: Bitcoin's ecosystem set for overhaul with innovative NFT-like ordinals
It can be effective.

The best criterion is the upper line of the ascending channel; if it fails, the scenario will be
The fear and greed index has reached its highest level since the Bitcoin price of $69,000(November 2021). ==😱79😱

🎁Get a 20% Discount on your trading FEE on Bingx:

👑Free & VIP Signals:

📚if you want to learn Technical Analysis = Please Contact me

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.