Bitcoin Analyze (Same movements)🧐❗️❓
This is Bitcoin’s chart in the monthly timeframe(Log scale). I want to talk about movements that can be similar, and I tried to find the bottom price of bitcoin through these movements.
I analyzed each significant movement and correction that Bitcoin had from the first.
Bitcoin was able to make a new All-Time High (ATH) after each significant movement.
🔆In terms of time: Each major correction of Bitcoin has taken about 12-13 months since All-Time High (ATH).
🔆In terms of price: Every major price correction of Bitcoin follows Fibonacci levels (23.6%_38.2%), and these corrections have deepened each time. Also, the price reduction percentage from the previous ATH was 86%, and 84%.
If Bitcoin wants to follow the previous corrections, we can find the bottom of Bitcoin through these movements.
⏰When can the end of the current correction of Bitcoin❓⏰
According to the above details, the end of the current correction of Bitcoin can be around ⏰Nov & Dec 2022⏰.
📉Where can the end of the current correction of Bitcoin❓📉
According to the above details, the end of the current correction of Bitcoin can be 📉14800$_13000$📉 (The price retracement of every major move seems to follow Fibonacci numbers. And each time these returns increase. It is expected considering that the efficiency of the first move was 23.6% and the efficiency of the second move was 38.2%. This movement will experience a return of about 50%.)
🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average/Weekly Timeframe ) and SMA 200 ( Simple Moving Average/Weekly Timeframe ), some months later, Bitcoin started to rise.
🟢Recommendation🟢: If you want to verify the end of correction, it is better to wait for a monthly candle that closes over EMA 200 ( Exponential Moving Average ).
In the comments, tell me your thoughts about BTC’s future scenarios and probabilities. Thanks in advance.
Do not forget to put Stop loss for your positions (For every position that 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
I analyzed each significant movement and correction that Bitcoin had from the first.
Bitcoin was able to make a new All-Time High (ATH) after each significant movement.
🔆In terms of time: Each major correction of Bitcoin has taken about 12-13 months since All-Time High (ATH).
🔆In terms of price: Every major price correction of Bitcoin follows Fibonacci levels (23.6%_38.2%), and these corrections have deepened each time. Also, the price reduction percentage from the previous ATH was 86%, and 84%.
If Bitcoin wants to follow the previous corrections, we can find the bottom of Bitcoin through these movements.
⏰When can the end of the current correction of Bitcoin❓⏰
According to the above details, the end of the current correction of Bitcoin can be around ⏰Nov & Dec 2022⏰.
📉Where can the end of the current correction of Bitcoin❓📉
According to the above details, the end of the current correction of Bitcoin can be 📉14800$_13000$📉 (The price retracement of every major move seems to follow Fibonacci numbers. And each time these returns increase. It is expected considering that the efficiency of the first move was 23.6% and the efficiency of the second move was 38.2%. This movement will experience a return of about 50%.)
🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average/Weekly Timeframe ) and SMA 200 ( Simple Moving Average/Weekly Timeframe ), some months later, Bitcoin started to rise.
🟢Recommendation🟢: If you want to verify the end of correction, it is better to wait for a monthly candle that closes over EMA 200 ( Exponential Moving Average ).
In the comments, tell me your thoughts about BTC’s future scenarios and probabilities. Thanks in advance.
Do not forget to put Stop loss for your positions (For every position that 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
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📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
🎁Signup for 30% Commission Futures Fees and 25% Bonus.👉
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