its correction, it has been pumped up sharply.Because it has not corrected on the way and has moved towards fresh supplies with a spike, it is expected to be rejected from the premium areas of the previous waves downwards (with a large time correction).Closing a daily candle above the red supply box will violate this analysisFor risk management, please don't forget stop loss and capital managementWhen we reach the first target, save someprofit and then change the stop to entry Comment if you have any questions Thank You
đžBTC has undergone a prolonged bear-trend.This bearish trend can be encapsulated within a bearish channel on the 4-hour timeframe.A bullish breakout of this channel is the condition for continued growth. If a decline occurs, it will be temporary and will find support at one of the following levels: 58595.50, or 55382.60-55876.2
After the fifth bullish wave, BITCOIN has completed his corrective waves (ABC) , now it is time to start the five bullish waves, and BTC is in the Megaphone,and now finished first wave. Due to the Ascending structure of the chart.High potential areas are clear in the chart.Bullish Wedge.Ascending Triangle.Starting 5th waves.and now finished first wave.
đžBitcoin went down to almost $62K, as I discussion my tg channel.
At this moment bouncing back up from a $58-60K support zone it seems that $BTC is forming a falling wedge pattern and keeping my eyes on this descending trendline. To see a breakout to the upside.