Bitcoin Analyze (Where is the end of correction❗️❓)🧐

28 Jul 2022

Hi, everyone; today, I want to check out the end-of-correction of Bitcoin at Weekly Timeframe.

Bitcoin is reacting to lines of the Fibonacci Channel very well, so we can use it for finding the end of waves.

Bitcoin is looking to find the end of the main wave A; I expect that the end of Bitcoin's correction can occur in the PRZ zone; also, according to the analysis of the lower timeframes, a drop from the current price ranges is still expected.

🔆The structure of Main wave A is Double Zigzag Correction (WXY).

🔆When Bitcoin can break(Valid) the EMA 200 (Exponential Moving Average) and SMA 200 (Simple Moving Average), then we can verify the end of Main wave A.

🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average ) and SMA 200 ( Simple Moving Average ), some weeks later, Bitcoin started to rise.

Bitcoin Analyze ( BTCUSDT ) Timeframe Weekly⏰ (Log Scale)

Where is the end of wave A ❗️❓

🎯Target🎯: 17500$ until 14200$

Do not forget to put Stop loss for your positions (For every position 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.

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