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🚀 Bitcoin Technical Analysis Update (Weekly) 🚀
📊 Monthly Chart Insights:
- 📈 A neutral triangle began at this year's high.
- 📉 June's big sell-off makes this scenario very likely.
- 🔵 Monthly structure is forced onto this weekly chart, with a blue-dashed projection line.
🔍 Key Observations:
- 🕵️♂️ Applying the concept of "middle marking" and noting the lethargic behavior of wave-a.
- 🔺 It appears a neutral triangle has been forming since this year's high.
📅 Predictions for the Coming Weeks:
- ⏳ Bitcoin is expected to continue lower over the next 1-2-3 weeks.
- 📉 Eventually, it may break below $50,000.
- 🔄 Due to wave-b retracing much of wave-a, wave-d should alternate by retracing less than 61.8% of C.
- 🔽 Then, wave-E will approach $40,000.
Stay informed and trade wisely! 📉💡
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#BTC #Bitcoin
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Millions $ worthy chart given publicly and market exactly followed given pattern
#BTC #Bitcoin
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📉 Bitcoin Analysis Update 📉
- Drop Off Wave-I: Slightly larger than Wave-F (the biggest drop of the entire G-wave rally). This increases the odds that Bitcoin has peaked for an extended period.
- Wave-G: If this wave is over, Bitcoin might face a tough couple of years! 📉😟
🗓️ A Month Ago:
- "Price action on weekly and daily charts suggests an expanding pattern is unfolding off this year's high. If correct, each future drop will be larger than the prior decline."
📊 Current Status:
- Wave-C drop is now larger than Wave-A.
- To alternate with Wave-B, Wave-D's rally should be smaller than Wave-B.
- Wave-E is expected to drop as much or more than Wave-A. 📉🚨
Stay informed and prepared! 🌐💡 #Bitcoin #CryptoAnalysis
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📊 Bitcoin Market Analysis 📊
🔸 If Diametric concluded at Wave-G, the minimum time for wave-x is 1/3 that of Diametric (small green rectangle).
🔸 The absolute minimum downside target for wave-x would be below the low of Wave-F, but the final bottom of wave-x could push Bitcoin (shockingly) below $1000. 😱
🔸 In early January, I wrote:
".... BITCOIN will continue to drift or rally for the next year or so as Public ETFs and other trading vehicles allow the public to buy in at the top." 📈
🔸 The decline off this year's high is large enough to suggest wave-b is over. If so, the best way to keep the structure near the middle of a pattern is to assume wave-x is forming a triangle.
🔸 Wave-c must break $10,000 this decade to keep this scenario alive. 🚀
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#NOTUSDT.P #Binance
Earned Profit: First Target has been achieved within 3 hours.Profit earned: 100%-200% with 10x to 20x.
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Short NOTUSDT.P
Buying 0.01590-0.01625
Target 0.01470-0.01350
Stoploss 0.01640
4th March I told you guys Bullish wave about completed now don't get victim of hype. It will start downwards journey
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