First, I must say that Bitcoin reacts well to 🍴Pitchfork lines🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰.
In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴heavy resistance zone($ 31,750-$ 28,140)🔴.
📚Teaching Tip📚: Mostly, heavy support and resistance areas are not broken with a single attack.
Bitcoin has been moving in a descending channel for about 2 months. The structure of the waves in this descending channel is Double Three Correction(WXY).
Bitcoin is currently completing microwave B of the main wave Y. I expect this wave to finish above the descending channel and in the 🟡Time Reversal Zone(TRZ)🟡.
The end of the Double Three Correction structure can end in the 🟢support zone($ 25,280-$ 24,410)🟢.
Bitcoin Analyze ( BTCUSDT ), Daily 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 be glad to see your ideas in this post.
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thanks alot