⚠️BTC Market Cycle | Repetitive and Predictable Market Cycle.


✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).

➡️Chart is speaking itself.
According to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves is now starting to form new corrective waves.

-So far we are repeating ABC correction cycle Scenario?
-Same RSI & MACD Divergence🔻
-Same rejection off the Major Resistance🔻

-The price has now completed wave A and is now creating wave B. The price can go up to 49K to complete wave B.

-Resistance Zone(49K-$51k) & Support Zone(39k)
-Bitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Trade active
Trade active:
🧿Now it is time for it to Starting its downward corrective waves(BC).

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