First, I have to say sorry for the busy chart (BTCUSDT), but my chart needed these lines. Please spend a few minutes on it.🙏
Location: BTC is on Corrective Structure (Zig zag 5-3-5) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months, just prediction).
My idea: still, BTC is on microwave 4 of Main wave C. as you know, one of the shapes of wave 4 is a triangle. I was able to find the 3 main points of the triangle A-B-C (Contracting Triangle). Point C has found with Bearish Gartley Harmonic Pattern + 78.6% Fibonacci (Point A) until (Point B).
For finding Point D, we have to concentrate on correcting microwaves (a-b-c) that are on the way to point D, I was able to find Bullish Crab Harmonic Pattern on the end of microwave a. microwave b can be around 37040$ or 37960$.
I think that Point D can be around 35698$ == 61.8% Fibonacci (Point B) until (Point C).
I have three Scenario :
Scenario 1: when the price arrives to Point D, it can break the lower line of our triangle, and then the price starts to go down, so the end of microwave 4 of Main wave C was at Point C + microwave 5 of Main wave C has started.
Scenario 2: when the price arrives to Point D, then the price goes up until Point E. Point E can be a Critical Point for us (It is the end of microwave 4 of Main wave C), better, I had to say that market will decide to go UP or DOWN (UP will make my Scenario 3//DOWN will make my Scenario 2). If the price goes DOWN at Point E, we can say that microwave 5 of Main wave C has started.
Scenario 3: when the price arrives to Point D, then the price goes up until Point E. Point E can be a Critical Point for us(It is the end of microwave 4 of Main wave C), better, I had to say that market will decide to go UP or DOWN (UP will make my Scenario 3//DOWN will make my Scenario 2). If the price goes UP at Point E, we can say that BTC will go UP by 5 new impulsive waves.
My Suggestion: please do not buy Coins for Midterm and Long-terminvestment until the market finds a way.
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 on this post.
Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.
Good luck
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We are so close to Point D 👍.
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We are at Point D right now.
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Scenario 1 👍
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Bitcoin Long-term Analyze (Monthly Time frame)📆
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Downward Trend has broken 📉 (BTC.D/OTHERS.D)
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New post :📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉
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💵📉Bitcoin Analyze Timeframe 15min 📉💵/pay attention to Rising Wedge 👀
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New Post.👍
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New post 👍
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New post, bitcoin analyze timeframe 4h 👍
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Our TRZ worked 👍, and follow lines
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RSI Analyze (BTC), Timeframe daily🕐
Pullback or Fake break 🧐❓
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BTC Analyze (Play with Pitchfork's Lines🍴 + Fib Circle)
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The new post read it please: Bitcoin Analyze (Technical & Fundamental)!!!
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New post, with New update.
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Follow Range Channel👍, Timeframe 15min.
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New post 👍
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New post please read 👉Bitcoin Analyze (Candlestick Analysis)!!! 👍
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New post: Bitcoin Analyze(Counting Waves+Channels+Tweets)!!!
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New post: Bitcoin Analyze Time Frame 4H/ Contracting Triangle!!!
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New post: Bitcoin Analyze (Triple Three Corrections) !!!
Can you please explain why you count the 5 waves down of main wave C as ABC and not as a 5 wave structure down?
pejman_zwin
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@embarrassedTou71753, please read about corrective structure shapes, if wave A has 5 microwaves, wave C will have 5 microwaves too. Five waves in the form of ABC. i can not explain more, but thanks for the idea 🙏
pejman_zwin
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@embarrassedTou71753, also 5 microwaves (down) on my chart can be 5 microwaves of microwave A from microwave 5 of main wave C.
Alireza340
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Thank you for the great analysis and perfect details
pejman_zwin
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@Alireza340, thanks for the comment alireza. good luck ❤️💐
CryptoConArtist
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I’ve been on board for scenario 1 for so long. But she’s fightin. Fill those cme gaps low or just hit 30 again?