Bitcoin Analyze (Road Map,10/13/2022)!!!🗺️
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Today I want to define a road 🗺️map🗺️ for Bitcoin using the Elliott wave theory.
From the very beginning, I must say that Bitcoin is currently in a microwave that can have a structure similar to my analysis or even find other structures.
But you can be sure of one thing = Bitcoin will definitely experience another fall and at least touch the previous bottom ($17622) again.
Bitcoin seems to have completed a full cycle at $69,000. And these months are completing the main wave A by the Triple Three Correction.
Because the two waves, W and Y, had a zigzag structure, it is likely that the main wave Z also has a zigzag structure, which means that we are probably witnessing a Triple Zigzag.
I marked the end of the main wave A in my chart so that this wave A is probably completed in the heavy support zone.
🔆Fundamental: Due to the ongoing war between Russia and Ukraine and the impact that this war can have on the supply of gas and electricity in Europe (increasing the cost of living in Europe), especially in winter. Also, probably the more inflation growth in the USA, it seems that the Cryptocurrency market will not have good days.
Bitcoin Analyze ( BTCUSDT ), Timeframe Daily⏰.
Do not forget to put Stop loss for your positions (For every position that 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.
From the very beginning, I must say that Bitcoin is currently in a microwave that can have a structure similar to my analysis or even find other structures.
But you can be sure of one thing = Bitcoin will definitely experience another fall and at least touch the previous bottom ($17622) again.
Bitcoin seems to have completed a full cycle at $69,000. And these months are completing the main wave A by the Triple Three Correction.
Because the two waves, W and Y, had a zigzag structure, it is likely that the main wave Z also has a zigzag structure, which means that we are probably witnessing a Triple Zigzag.
I marked the end of the main wave A in my chart so that this wave A is probably completed in the heavy support zone.
🔆Fundamental: Due to the ongoing war between Russia and Ukraine and the impact that this war can have on the supply of gas and electricity in Europe (increasing the cost of living in Europe), especially in winter. Also, probably the more inflation growth in the USA, it seems that the Cryptocurrency market will not have good days.
Bitcoin Analyze ( BTCUSDT ), Timeframe Daily⏰.
Do not forget to put Stop loss for your positions (For every position that 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.
Note
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