[WARNING] Last chance to buy Bitcoin.
Hello, I've written this post to share my perspective on Bitcoin.😊
My analytical tool is the "Elliott Wave"
Using the trading view, I will analyze Bitcoin Chart.
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▼ BTCUSDT.P | 1D | Logarthmic
The chart above represents the direction I consider for Bitcoin.
The chart shows the start of the second zigzag after the first zigzag has completed.
This pattern is called a "Double Zigzag" pattern.
The first zigzag was formed within a "perfect channel."
That is the reason why I have identified the direction as a "Double Zigzag."
The second zigzag is also highly likely to form in the same way.
I will provide a detailed explanation of the second zigzag in the chart below.
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▼ BTCUSDT.P | 1D | Logarthmic
This is a zoomed-in view of the second zigzag.
Currently, the second zigzag is in progress.
According to the Elliott Wave Theory, this third wave is highly likely to consist of five sub-waves.
Currently, as it is still in the early stages, there is a possibility of a significant rise occurring.
Let's take a closer look at this third wave in the chart below.
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▼ BTCUSDT.P | 2H | Logarthmic
This is the final wave currently in progress.
I anticipate this wave to form as an "Expanding Diagonal" pattern.
(This pattern can also be referred to as an "Ending Diagonal")
The "Expanding Diagonal" is classified as an impulsive wave.
Therefore, it is a pattern that aligns with the principles of the "Elliott Wave Theory."
This is a pattern that often appears when the market is unstable.
Its most notable characteristic is that it progresses in the shape of a "megaphone."
As a result, the 2nd and 4th waves naturally overlap.
The exact potential for the upward movement is still uncertain, but if you examine the second chart mentioned above, there are some hints.
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▼ BTCUSDT.P | 1D | Logarthmic
'Wave A' can be 61.8% or 100% or 161.8% of 'Wave C'.
This is the most significant clue.
✔️The "1:1 ratio" level is located at $84,331.6
✔️The "1:1.618 ratio" level is located at $106,219.6
If the wave is short, resistance is likely to appear at the "1:1 ratio" level, and if it is longer, resistance may emerge at the "1:1.618 ratio" level.
If you have purchased Bitcoin, it would be wise to closely monitor these two levels and manage your risk accordingly.
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I bought Bitcoin because I believe it will rise in value.
Wishing everyone the best of luck.
My analytical tool is the "Elliott Wave"
Using the trading view, I will analyze Bitcoin Chart.
————————————
▼ BTCUSDT.P | 1D | Logarthmic
The chart above represents the direction I consider for Bitcoin.
The chart shows the start of the second zigzag after the first zigzag has completed.
This pattern is called a "Double Zigzag" pattern.
The first zigzag was formed within a "perfect channel."
That is the reason why I have identified the direction as a "Double Zigzag."
The second zigzag is also highly likely to form in the same way.
I will provide a detailed explanation of the second zigzag in the chart below.
————————————
▼ BTCUSDT.P | 1D | Logarthmic
This is a zoomed-in view of the second zigzag.
Currently, the second zigzag is in progress.
According to the Elliott Wave Theory, this third wave is highly likely to consist of five sub-waves.
Currently, as it is still in the early stages, there is a possibility of a significant rise occurring.
Let's take a closer look at this third wave in the chart below.
————————————
▼ BTCUSDT.P | 2H | Logarthmic
This is the final wave currently in progress.
I anticipate this wave to form as an "Expanding Diagonal" pattern.
(This pattern can also be referred to as an "Ending Diagonal")
The "Expanding Diagonal" is classified as an impulsive wave.
Therefore, it is a pattern that aligns with the principles of the "Elliott Wave Theory."
This is a pattern that often appears when the market is unstable.
Its most notable characteristic is that it progresses in the shape of a "megaphone."
As a result, the 2nd and 4th waves naturally overlap.
The exact potential for the upward movement is still uncertain, but if you examine the second chart mentioned above, there are some hints.
————————————
▼ BTCUSDT.P | 1D | Logarthmic
'Wave A' can be 61.8% or 100% or 161.8% of 'Wave C'.
This is the most significant clue.
✔️The "1:1 ratio" level is located at $84,331.6
✔️The "1:1.618 ratio" level is located at $106,219.6
If the wave is short, resistance is likely to appear at the "1:1 ratio" level, and if it is longer, resistance may emerge at the "1:1.618 ratio" level.
If you have purchased Bitcoin, it would be wise to closely monitor these two levels and manage your risk accordingly.
————————————
I bought Bitcoin because I believe it will rise in value.
Wishing everyone the best of luck.
Nota
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Here’s an additional perspective.
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▼ BTCUSDT.P | 4H | Regular
This is the pattern currently visible on the chart.
It's the "Gartley Pattern," one of the harmonic patterns.
This pattern predicts that resistance will occur at the D point.
To refine the resistance value, you'll need to use tools like BC Projection, AB=CD, channels, and various indicators.
The red box area represents the resistance zone, which I've marked based on my personal analysis.
In that zone, there's a possibility of resistance leading to a decline, so it might be a good idea to consider "risk management." :)
Nota
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Here’s an additional perspective.
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▼ BTCUSDT.P | 4H | Regular
Here is the chart I shared two days ago.
The "Gartley" pattern has formed, and the price is now declining.
The target levels for this pattern are originally 59k and 55k. However, the market doesn't always follow these textbook expectations.
If the market is in a "Bullish" situation, it could touch the minimum retracement level of the 0.236 zone and then move upward.
The potential support zones are marked on the chart. (61.3k ~ 62.7k)
If the price rises from this zone, we could expect a significant upward movement.
Wishing you the best of luck!
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