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Bitcoin Analyze (End of Rally is uploading)!!!⏰ for BINANCE:BTCUSDT by pejman_zwin

Hi, I hope you read my previous post and took an idea from my analyze.

Today I tried to find the end of this rally by Bearish Expanding Triangle Pattern (Main wave B from the corrective structure).

Bitcoin Analyze ( BTCUSDT ) Timeframe 4h

Location🌊: if you want to know about counting waves of Bitcoin from 😱2.5$😱 until the end of the Main wave A that you are seeing it on my chart, first you can read my previous post with topic ”Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️”, second please read my post with topic ”Bitcoin Analyze (Road Map)!!!🗺️” too.

Live: Bitcoin is moving simultaneously in a Rising wedge and Bearish Expanding Triangle. We expect after breaking the lower line of the Rising wedge, We reach the bottom line of the Bearish Expanding Triangle, which would be the sixth attempt to cross lines of the triangle, it may have multiple pullbacks to the broken bottom line of the Bearish Expanding Triangle, and this may create a Head and Shoulder pattern in which will prove the start of Mani wave C of corrective structure ABC.

Interestingly, the neckline of the Head and shoulder pattern might be the target of the Rising Wedge pattern simultaneously.

Here I want to briefly explain the Fibonacci retracement levels of the waves inside the Bearish Expanding Triangle.

Guidelines:

Wave B can retrace 78.6%– 88.6% of wave A = It has complied ✅

Wave C is usually 138.2% – 161.8% x wave A in size = It has complied ✅

Wave D can retrace 78.6%– 88.6% of wave C = It has complied ✅

Wave E is usually 138.2% – 161.8% x wave C in size = End of wave E can be between 138.2% x wave C= 49972$ until 161.8% x wave C= 51000$, we have to find signs for verifying the end of Wave E. I think that we passed the end of wave E a few hours ago, the end of wave E could be on my TRZ.

RSI: RSI has important resistances in front of itself, and we can see Bearish Deep Crab 🦀 that it is working now, and I think that this bullish rally can finish with a symmetrical triangle on RSI . Daily Timeframe⏰ 👇

MACD: MACD is running in the symmetrical triangle and I guess that MACD will break the lower line of the triangle. also, we have Divergence between Price and MACD (RD-) until now. 4h Timeframe⏰👇

My Suggestion: if you have Bitcoin, you have to think about taking profit from them Soon/ if you don’t have coins, Don’t be FOMO, probably time will give you another chance 👍😉// if you find triggers for short positions, you can do it.

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 safe

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