High detail roadmap for #Bitcoin

The situation is extremely sensitive

But I am here to explain to you the next move of #Bitcoin with reason

1- In the 4-hour time frame, there is a possibility to confirm the divergence, and to confirm the divergence, it must stabilize above the yellow BEARISH channel in the 1-hour time frame (valid break).

2- If the yellow channel is broken, is there continuous growth? Not necessarily
There is a continuous growth only if it closes above the price of 67370.
In this case, it can continue its growth up to the specified targets, even the new HIGH
Targets:
1- 68457.98
2- 69752.55
3- 71450-71990
4- 74161.73

3- Is it possible to have a drop from here? Yes, but for now it should be assumed to be temporary
The reason is that we are above the key daily time support of 65357.53

4- In case of DROP, what areas are possible for LOW construction?
First: range 65357.53-64956.87
Second: 63871.27

5- In what way is the DROP continuous?
Only in the case of a continuous fall, it can break down the support of 65357.53 in the daily time.

註釋

A triangle is forming in the 15 minute time-frame

And the direction of its breaking in the short term is decisive!!

While in the long term, my opinion is the main analysis that I posted

1-Is it more likely to grow in the short term or fall?
Growth, as we are above key daily support at 66,188

2-What is the condition for growth? Breaking the upper arm of the triangle

3-What is the condition of falling? If there is resistance here and it falls and breaks the support of 66188

4-Targets? Shown in the photo

交易結束：目標達成

As you saw, after the triangle was broken, the short-term targets were realized.

Let me explain this movement to you:

First, you can use the pivot indicator levels as support and resistance and short-term, medium-term and long-term targets.(STANDARD PIVOT)
Here I used 15 minute time-frame pivots

The reason was that the market has little fluctuations and as a result the movements can be limited to these levels rather than the pivot levels of higher times.

Triangle breaking mode: It was type 3. It means 3 consecutive closes above the upper arm of the triangle

As a point: when the market trend is weak, especially on Saturdays and Sundays, usually the maximum growth of hitting the S2 and R2 pivot levels in the 15-minute time frame will be

註釋

How to understand the start of growth with the divergence of MACD indicator?
1- Divergence should be checked on key supports, especially related to higher time frames
Here we are on daily time frame support
2- If in this fall, the blue line crosses the orange line again
And again this happened upside down
Divergence based on MACD confirmed
3- Pay attention that the price of the second LOW should be equal or lower than the previous LOW
4- Based on this assumption, #Bitcoin can make a LOW from this level (daily time frame support) or the level of 64440 with the MACD divergence.

註釋

In what case do we get a stronger confirmation with the help of MACD's divergence to make LOW?

For this, it is enough to draw the trends for the last drop, in the lower time frame.
When the oldest uptrend is broken, have a safe confirmation of a buy trade (next to the MACD divergence).

註釋

Why is the possibility of #Bitcoin growth from this area high?

The first reason: the formation of a double bottom on the support of a higher timeframe

The second reason: the BREAK of the downward trend of the last drop

The third reason: the closing price is higher than the last ceiling of the previous downward trend

註釋

Is today's sharp decline a stop hunt? And we will grow later?

The primary characteristic of a stop-hunt is a rapid return to close support!

But is this characteristic enough to confirm stop hunt and growth?

The answer is "no".
You should draw a trend line for that sharp drop below support
If the trend line is broken, the stop hunt and as a result the growth is confirmed
Of course, you should also consider the daily pivot levels (related to the 15-minute time frame).
And the final confirmation of the growth can be the break of the pivot in the 15-minute time frame
As long as these conditions are not met, there is a possibility that the fall will continue