pejman_zwin

🗺️Bitcoin Roadmap🗺️⏰(15-minute time frame)⏰

Short
pejman_zwin Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
💡For the umpteenth time, Bitcoin is trying to break the 🟡Price Reversal Zone(PRZ)🟡 and a cluster of important Resistances (Pivots). But in my opinion, Bitcoin needs to have a deeper correction, at least up to the $34,000 price channel, to break this critical area.

🌊In terms of Elliott wave theory, Bitcoin seems to have completed its five-impulse wave at 🟡Price Reversal Zone(PRZ)🟡.

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

⏰If we look at the 4-hour time frame, we will realize that Bitcoin has managed to form an Ascending Triangle Pattern so that point D is now confirmed. So it can be expected that bitcoin will have a minimum drop to the lower line of the triangle, and if the lower line breaks, we can wait for the 🟢Support zone($36,000_$35,560)🟢 to break, and if it starts to increase again from the lower line, we can wait for the 🟡Price Reversal Zone(PRZ)🟡 to break.👇


🔔I expect Bitcoin to drop to at least the end of wave 4 in the coming hours after breaking the uptrend line and once again attack the 🟢Support zone($36,000_$35,560)🟢 and Support lines.

❗️⚠️Note⚠️❗️: If Bitcoin can go above $38,520, we can hope that the 🟡Price Reversal Zone(PRZ)🟡will be broken and my scenario will change.

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

Bitcoin Analyze ( BTCUSDT ), 15-minute 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.

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Trade active:

Counting waves changed a little, but still valid.
Comment:
If Bitcoin breaks the uptrend line, we can hope for further decline.
Comment:
Bitcoin was able to break the uptrend line.
Comment:
Usually, the trading volume is low on Saturday and Sunday, and the main movement is expected to take place on Monday.
Trade closed: target reached

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