I think that the graphic is enough to explain the movement with the expected formation of the movement of Bitcoin We will follow the movement with you in all the details according to the movement of Bitcoin Below this drawing Good luck everyone
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According to chronological analysis During this four hour candle Or the next candle we will see a reversal candle
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We should see a reversal candle in this area Reflection is not the end of a wave Could be a subwave? Generally, until we see the reflection and the details of the wave During this four hour candle Or the next candle we will see a reversal candle
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form positive divergence on the MACD indicators This confirms that the time analysis is an area that reverses the direction of the price
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Arrows and lines indicate price reversal time zones
Green arrows and green lines A time zone in which an upward reversal is expected ---- Red arrows and red lines A time zone in which a price reversal is expected
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The candle of the first four hours has expired, and we have not formed a reversal candle. So we will follow the current candle. Four hour candle.
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No bullish bottom formed in the second candle, So for that i think Of the volatility situation will extend to the second option when the stock Good luck everyone
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Characteristics of the fourth wave To get out of the channel and then come back up So this is not a hack as some think This is a sign of the end of the wave and the beginning of a bearish wave (the fifth wave).
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Wave C has achieved 100% of the length of wave A As shown on the drawing So we can say that the fourth wave is almost over, and we are descending to complete the fifth wave According to the drawing at the top of the page and the expected scenario
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Last bottom at 39177 Three waves formed and now this is the current rise Our consists
The first possibility is that we achieved the goal at 39,980 Which was explained in the last analysis
And the other possibility, in the case of ascending above it, we have two possibilities 1- Probability of forming a triangular wave A B C D E 2- The probability of being a triple wave A B C And both possibilities are to correct the decline from 42976 to 39177 Meaning any rise will be followed by a descending wave Until the internal structure of this wave is formed, the picture will become clearer
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I see indicators that may give a strong movement. So, advice Stop loss is very important at this time In order to avoid any strong movement that may reverse the direction you are working on.
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About Three hours from now Now I have 3:11 AM At 6:00, AM a little more or less, please pay attention Price reversal signal time-lapse on hourly indicators
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On the 4 hour indicators, you are already in the price reversal area
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These areas are buying areas, not selling areas It is very likely that we will see a good rally from these areas
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The downward wave is about to end A rising wave will follow On the illustration of the wave and its internal details So I repeat what I said earlier: These areas are buying areas, not selling areas It is very likely that we will see a good rally from these areas