Bitcoin Analyze (Descending & Ascending Channels)!!!
hi, today I tried to play with Channels on my chart.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!''.
LIVE: Bitcoin is running on 2 Descending Channels + 1 Descending Triangle + 2 Falling wedges (Bitcoin loves Descending These days 😊) + BTC is missing some small Ascending Channels Regularly. The price is in the middle of one of these Ascending Channels + Support Zone (31370$ until 31260$) + we saw 4 crashes to lines of our Falling Wedge and I am expecting that the fifth crash will break the upper line of the Falling wedge or these crashes will continue until Price arrives (maybe breaks) on our Heavy support (316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles)).
In addition, We have Divergence (RD+) Between Price and MACD, until NOW.
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST(for Jun 9)😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$), then we can think about opening Long positions for the Short-term// Please Follow Pitchfork's Lines too.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade s
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
Location🌊: about the location of Bitcoin, please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!''.
LIVE: Bitcoin is running on 2 Descending Channels + 1 Descending Triangle + 2 Falling wedges (Bitcoin loves Descending These days 😊) + BTC is missing some small Ascending Channels Regularly. The price is in the middle of one of these Ascending Channels + Support Zone (31370$ until 31260$) + we saw 4 crashes to lines of our Falling Wedge and I am expecting that the fifth crash will break the upper line of the Falling wedge or these crashes will continue until Price arrives (maybe breaks) on our Heavy support (316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles)).
In addition, We have Divergence (RD+) Between Price and MACD, until NOW.
Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame)📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST(for Jun 9)😀)👉
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$), then we can think about opening Long positions for the Short-term// Please Follow Pitchfork's Lines too.
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.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade s
Comment:
The chart is running Well.👍
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