Smart Scenario About BITCOIN ,what do you think?
general overview :
After a bullish rally (June 28) at $ 29,800, it set a new high at $ 64,600 and then exited the base (RBD).
The drop continued to $ 28,100 and was then supported.
We were at the base from May 19 to July 20 (63 days) and then a new rally began.
The 5-wave movement continued until the strong resistance of $ 50,500, which happened (fake brake out).
Now the scenario ahead is a five downward wave that has begun, we are at the beginning of the third wave!
In case of support of $ 44829, the next area will be $ 40,400 (also this area is the point of contact with ema 200) and (re-test base)
If this area fails, Wave 5 will reach $ 38269, but the market conditions will cause fear and excitement in the market.
Ali zahrawi - Good luck
After a bullish rally (June 28) at $ 29,800, it set a new high at $ 64,600 and then exited the base (RBD).
The drop continued to $ 28,100 and was then supported.
We were at the base from May 19 to July 20 (63 days) and then a new rally began.
The 5-wave movement continued until the strong resistance of $ 50,500, which happened (fake brake out).
Now the scenario ahead is a five downward wave that has begun, we are at the beginning of the third wave!
In case of support of $ 44829, the next area will be $ 40,400 (also this area is the point of contact with ema 200) and (re-test base)
If this area fails, Wave 5 will reach $ 38269, but the market conditions will cause fear and excitement in the market.
Ali zahrawi - Good luck
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