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$BTC
#Bitcoin Chart Analysis
Currently, there are various perspectives on Bitcoin's position in the chart. Here are several scenarios:
1. #Diamond Pattern Formation
If this is indeed a diamond pattern, it suggests that Bitcoin might break its previous low. If the $94,200 level is breached, the decline could intensify. Please keep this in mind.
2. Formation of an Upward #Impulse Wave
While this scenario represents a possibility, I personally think it is less likely to occur.
3. WXY Correction Followed by an Impulse Wave
In this case, we could see another correction after the impulse wave. If this scenario holds true, Bitcoin might start forming an upward wave from here, leading to a rise.
4. Triple Tree Possibility
If this scenario plays out, we could be in the WXYXZ pattern, with the Z wave being the remaining move. This suggests that Bitcoin might rise from its previous low and move upward.
Among these scenarios:
Scenarios 1 and 4 indicate further declines.Scenarios 2 and 3 suggest #upward movement.
While it’s hard to make a definitive decision, it’s advisable to trade according to the situation.
Have a great day, and if you'd like to keep up with ongoing chart analyses, please follow!
#Bitcoin Chart Analysis
Currently, there are various perspectives on Bitcoin's position in the chart. Here are several scenarios:
1. #Diamond Pattern Formation
If this is indeed a diamond pattern, it suggests that Bitcoin might break its previous low. If the $94,200 level is breached, the decline could intensify. Please keep this in mind.
2. Formation of an Upward #Impulse Wave
While this scenario represents a possibility, I personally think it is less likely to occur.
3. WXY Correction Followed by an Impulse Wave
In this case, we could see another correction after the impulse wave. If this scenario holds true, Bitcoin might start forming an upward wave from here, leading to a rise.
4. Triple Tree Possibility
If this scenario plays out, we could be in the WXYXZ pattern, with the Z wave being the remaining move. This suggests that Bitcoin might rise from its previous low and move upward.
Among these scenarios:
Scenarios 1 and 4 indicate further declines.Scenarios 2 and 3 suggest #upward movement.
While it’s hard to make a definitive decision, it’s advisable to trade according to the situation.
Have a great day, and if you'd like to keep up with ongoing chart analyses, please follow!
$BTC
#Bitcoin Chart Analysis
Today, Bitcoin is positioned within the #common range of the four scenarios shared yesterday.
In terms of price action, it failed to break through the $94,200 level.
1. There is a possibility that this is the final move to complete a #diamond pattern.
2. It could also be the last correction of an impulse wave or a WXY wave.
If so, we should see a significant breakout of the upper resistance (white line).
I believe today is the final stage of the four scenarios mentioned, where a decisive move—either #upward or downward—will be determined.
Focusing solely on this critical area may help you better understand the market's direction.
If you'd like to continue following my chart analysis, feel free to follow me.
#Bitcoin Chart Analysis
Today, Bitcoin is positioned within the #common range of the four scenarios shared yesterday.
In terms of price action, it failed to break through the $94,200 level.
1. There is a possibility that this is the final move to complete a #diamond pattern.
2. It could also be the last correction of an impulse wave or a WXY wave.
If so, we should see a significant breakout of the upper resistance (white line).
I believe today is the final stage of the four scenarios mentioned, where a decisive move—either #upward or downward—will be determined.
Focusing solely on this critical area may help you better understand the market's direction.
If you'd like to continue following my chart analysis, feel free to follow me.
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Diamore is more than just an Tap to Mine App; it's a movement that democratizes diamond Tap To Mine, making it accessible to anyone with a smartphone. Whether you're a seasoned gem collector or a curious newcomer, Diamore offers a thrilling and rewarding journey into the world of real diamonds.
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