📥 Bearish Patterns Everywhere ,Expect a Breakdown From a 28700$ Support In Near Future
👉 USA Dollar Index Reached a Important PRZ Which We Can Name It As a Wave A ,We Expect a Bounce From Here To The 104$ As a Wave B Reverse Area , Bitcoin And Stock Markets Will Start a New Corrective Moves Soon
👉 USDT Market Cap Formed a Bullish Pattern And I Expect a New ATH In Near Future ,It’s Not a Good News For Market
🌐 Big Impulsive Cycle Completed At 147$ And Now ABC Corrective Pattern Is On The Table ,Currently Wave C Is Started And The Main Target For This Wave Is a Place Around 9$ To 10$ ,We Won’t Be a Buyer Till That Area
🔍 Complex ABCDE Correction Is On The Table ,One More Leg Up To The 30k Area Is Expected And After That New Down Rally To The 25k
👉 The Main Point Is The BITCOIN Price Breakdown The Trend Line And ABC Corrective Pattern Confirmed ,Currently We Are At The Wave C And There Are Two Reversal Zones For This Corrective Wave ,23k~25k Area And 11k ,I Look 23k~25k Area As a First Reversal Zone ❗️ I Know It’s Very Painful And Pessimistic Idea But I Think By High Probably We Could See 11k In Next...
📥 Soon Or Late BTC Will Breakdown The Trend Line ,It Just a Matter Of Time ,26600$ And 23k Are My Main Targets
👉 Again Symmetric Triangle Formed At The BITCOIN Chart ,From 1H To Daily Timeframes #BTC Trend Is Bearish ,It’s Not a Good Time To Enter The Market ,Be Patient ,26600$ And 23k Are Coming
📡 At 1H Timeframe ABC And Ascending Channel Formed At The BITCOIN Chart ,26k Is Coming ,Again I Repeat DONT RUSH INTO THE MARKET
👉 Finally The BITCOIN Price Breakdown The Trend Line And Bearish Wave C Confirmed ,We Could Have Some Shaky Movements To 35k Level As a Pullback But The Main Target For This Wave Is 23k Level
📥 3950 Level Is My Reversal Zone ,I Think ABC Corrective Pattern Will Complete At This Point ,4630 Is a My First Target
👉 As You See We Had a 3 Bullish Cycles From 2017 Till Now (2017 ,2019 ,2021) ,After All These Bullish Cycles We Had a ABC Elliot Corrective Patterns ,ABC Have a Three Golden Levels , 0.618% ,1% And 1.618% ,At 2018 ABC Bottom Was 0.618% ,2020 Bottom Was 1% And I Think 2022 Bottom Is a Place Around 23k (1.618%) 🔍 Financial Markets Don’t Move In a Straight Lines So...
👉 I Expect a More Dumps To The 35k ,Be Cation ,Most of You May Bullish Because Of The Falling Wedge Formed At The BITCOIN Chart But At Higher Timeframe The Main Pattern Is Still Bearish
👉 Descending Triangle And Wave 5 From C On The Table ,It’s Not Bullish For Me Anymore 📥 I Expect a Breakdown To The 3k Level Then Huge Run For All DEFI Projects
👉 There Is a Head And Shoulder And Descending Channel On The Chart ,Both Are Bearish ,Let’s See
👉 Head And Shoulder Formed At The BTC Chart And Now Sitting Above The Neck Line ,Some Small Bounces Could Happen Here But BITCOIN Will Breakdown The Neck Line (38k) Soon ,Also There Is Wave 5 On The Table And It Could Push The Price To The 35k Area ,Still We Are Only Watching The Market
👉 Again Ascending Channel Formed At The BTC Chart ,Do Not Long Here ,Short Term Target For The BITCOIN Is 37k Area
👉 Monthly Structure Is Bullish And Currently Looks Ready To Breakout The 102 Level ,Bullish DXY is Not a Good News For Whole Crypto And Stock Markets 🔍 I Expecting 108 And 120 As a Main Reversal Zones