bitcoin crossed the rising wedge some days behind but the binance bad news again the chart created the bearish trend but now btc stable and holded stron at level 9k and rised more then 400$ from the support level with strong buy waiting to cross the again bearish wedge to rising wedge.
btc stoped rising because of symetrical tringle loss almost 11% in price action nexT STEP NEAR TO 9200 SUPPORT
FINALLY BTC CROSS THE BEARISH TREND AND STARTED THE NEW UPTREND BUT FOR SMALL TIME BTC IN STILL BAERISH MARKET DONT TRADE IN THIS BAD MARKET WAIT FOR SMALL CORECTION AND BTC WILL GO TO 13000 TO 15000K IN THIS MONTH
if btc cross the line at this time then it can go down ward also
Bitcoin Price Analysis For Long Term Inverse Head & Shoulders Pattern are forming, if it continue then it is a bullish signal, Then price wlii touch near the ATH, Reach the 17K $ .
According to Elliot wave theory BTC should go to around 8100-8500, because 1st wave is completed around 11700, now the correction waves comes into the picture, so According to ABC correction waves and fibonacci retracement, it should go around 8200. These are only my thoughts not a financial advice, and btw always play it your own way.
Do not worry about the price drop, it is a temporary market correction. Look at the big picture. BTC/USDT will hit 28k $ in next 6 months.
BTCUSDT:BINANCE 4 HRS As we see BTC is following the downtrend since last two days, although trying to keep up but somehow fails to achieve it. as it seems breaking the support level at 9700 will give us a indication of falling into a bearish market, followed with a downtrend confirming with macd & rsi. similarly breaking the 11000 resistance level will give us...
Elliot wave for downtrend is completed now so now you can Enter in the market, with the stop loss around 10050.
you can see my last post bitcion near to 11500$ and now going to bearish for small moment you can use stop loss 10200$ for safe zone if bitcoin not cross that support level so it will go to 12500$ next target if not then possible to go near 9500$ resis level
there is not so strong divergence let see what will happen
guys this is only for practice purpose so dont go on the basis of this chart