Bitcoin Analyze (Short Term, 1-hour Time Frame,04/08/2023)!!!

While Bitcoin seems to be completing Wave B, or even past it, there is a possibility that wave B may follow higher Fibonacci levels or even form a contracting triangle pattern.

At the same time, Bitcoin managed to form a symmetrical triangle pattern in the RSI indicator in the 4-hour time frame, which can be considered as a key for the next big move.👇

I expect Bitcoin to decline toward the 🟢support zone (26,980-26,580)🟢 after breaking the support line.

❗️Note❗️: If BTC goes over HKEX:29230 Scenario will change.

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

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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Komentar:

Microwave B = Contracting triangle pattern

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