Bitcoin Analysis==>>Descending Scallop Pattern!!!

١٣ يناير

As I expected in the previous post, Bitcoin(BTCUSDT) again attacked the Heavy Support zone($93,400-$90,000).

Bitcoin is trying to break the Heavy Support zone($93,400-$90,000). What do you think? Can Bitcoin finally break the Heavy Support zone($93,400-$90,000) or not!?

According to the theory of Elliott waves, Bitcoin seems to be in the next five downward waves after completing the corrective pattern, and these five waves can break the Heavy Support zone($93,400-$90,000).

From the point of view of Classic Technical Analysis, it seems that Bitcoin is forming a Descending Scallop Pattern to break the Heavy Support zone($93,400-$90,000), which can cause the break of this heavy zone.

Looking at the chart of USTD.D%(USDT.D), we can see the Inverse Head and Shoulders Pattern that can cause USTD.D% to increase, which in turn causes Bitcoin and other tokens to decrease.

I expect Bitcoin to soon break the Heavy Support zone($93,400-$90,000) given the above description, and Bitcoin will fall to the Targets I have specified on my chart.

My medium-term view of Bitcoin on the chart I shared with you on January 7, 2025.👇

⚠️Note: If Bitcoin goes above $94,500, we can expect more Pumps.⚠️.

⚠️Note: There is a possibility that Bitcoin will drop sharply and make a long shadow.⚠️.


🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

🔔Be sure to follow the updated ideas.🔔

Do not forget to put Stop loss for your positions (For every position you want to open).

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١٤ يناير

أغلقت الصفقة: تم الوصول لوقف الخسارة

Bitcoin seems to have created a bear trap. Its quick return after exiting the Heavy Support zone($93,400-$90,000) with high volume was one of the signs of a bear trap.

Although the first target hit the shadow.

But my stop loss hit because I was expecting lower targets.( I am clear,even when my Stop Loss is hit.)

Although I told you about the key price $94,500.👇

⚠️Note: If Bitcoin goes above $94,500, we can expect more Pumps.⚠️.