Bitcoin / TetherUS
Long
Updated

Correction Is Done And The Is About To Start a New Bullish Move

2485
📍 BTC Important Update

🔐 Trend Changing ,It’s a First Thing I Should Say About The #Bitcoin And The Correction Finally Completed By Breakout The 60200$ Level ,Now I Can Say 54k Was a Wave C Pivot And The Price Is About To Start a New Bullish Move

👉 The Next Important Resistance Level Is 72k And I Expect a Easy Breakout From This Level Toward a 83k

📈 Totally By The Last Night Strong Breakout From 60200$ The Trend Changed To The Bullish At Daily Timeframe

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👉 At The Low Timeframe There Is a Multiple Trend Line At The 63800$ Level ,We Could See a Small Correction In Here Before Breakout ,But The Main Trend Is Strong Enough To Breakout This Trend So I Don’t Suggest To Close Your Long Or Sell In Here
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👉 Depend On The Previous Update New Bullish Trend Is Just Started And The Wave 1 Exactly completed At The 0.618% Fibo Level ,Currently The Price Rejected From The 65k Level And Its a Sign That Wave 2 Is Started ,I Expect The Price Playing At The 60k To Maximum 57k Range For a While To Complete This Corrective Wave Then Wave 3 Will Start Toward a 72k Resistance

📥 The Important Point Is New Bullish Impulsive Wave Is Just Started And Current Situation Is Just a Correction And It Doesn’t Mean We Will See a Huge Down
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✅ Nice ,Depend On The Last The BTC Price Rejected From 65k Resistance Again And Dumped ,As I Said Before I Expect a Small Correction Below 65k Before Breaking This Level Toward a 72k
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📈 As I Said At The Previous Update I Expect Some Correction Below 65k Resistance Level ,Currently Clear Bull Flag Formed Below The Trend Line And I Expect a Breakout From 65k Resistance Level Toward a 72k As a Next Target Soon
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👉 At 20Min Timeframe There Is a Rising Wedge Formed At The Chart And One More Leg Down Toward a 62600$ Is Expected
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📈 The Price Dumped To The 63400$ And Bounced ,Currently Breakout From The Falling Wedge ,Seems The Correction Is Over And It’s Time To Breakout The 66k Toward a 72k
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🔥Nice ,The Price Perfectly Breakout From The Falling Wedge And Break The 66k Important Level As I Predicted At The Previous Update ,Currently At Low Timeframe There Is Ending Diagonal Formed At The Chart Which Could Bring a Tiny Correction For us ,But For Me There Is No Doubt That We Will See 72k Soon
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📈 Bull Flag By The Clear ABC Structure Formed At 10min Timeframe ,Expect Rapid a Leg up Toward a 68200$
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👉 The Price Was Unable To Breakout From The 67600$ Resistance And Made a Double Top And Rejected ,Currently Small Correction Toward a 65k And 63300$ Is Expected
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👉 Clear Ending Diagonal Formed At The BITCOIN Chart That I Can’t Ignore It ,In a Situation Of Confirming This Scenario We Will See a Leg Down Toward a 65k And 60k Before New Bullish Move Toward a 72k And New ATH

🔐 One Important Point Is ,Depend On My Experiences ,In Crypto Market Ending Diagonals Could Easily Break From Upward And Become Invalid But Totally I Prefer To Avoid Risk And Be Out Of The Market At This Situation
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📈 The Price Sitting Above The Important PRZ And Trend Line ,Currently There Is a Chance Of Bounce From Here Toward a 70k ,Opening Long Here By This Small Stop Loss Will us a Give a Good R/R

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