Today, I want to speak about Bitcoin's Long-term Analyze (Monthly Time frame).
First, For long-term analysis, it is better to use logarithmic charts (Do not forget, if you want to use fibs , you have to turn on Fib Levels based on log scale). I was able to find 4 Major pivots on the BTCUSDT chart, these pivots were able to make a Symmetrical Triangle.
Also, around 65761$ I found == Bearish Deep Crab Harmonic Pattern + Bearish Doji Evening Star Pattern ( it can verify our harmonic pattern / This pattern can make reverse or range on charts) + yearly Resistance 3
For finding the Next Major Pivot, first, we have to know the rules of Major pivots. If point D of our harmonic pattern wants to be a major pivot, the price must return at least 38.2% of point C to D (This rule makes Scenario 2) OR price has to rest (at the time) at least 38.2% of point C to D (This rule makes Scenario 1).
In addition, I found one circle on the Monthly Time frame. BTC wants about 13 months or one year to start the next bullish movement. This circle will happen again? 🧐
As I said, I have two Scenarios:
Scenario 1: BTC will run between 30000$ until 40000$ (Range channel) for at least about 2 months and 22day (If Point D wants to be a Major pivot/Time Retracement) OR Maximum until May 2022 😱. I think that after this correction price can go UP80K-91K // 104K-107K// even 130K-140K.
Scenario 2: BTC will go down until 22000$ - 19900$ (If Point D wants to be a Major pivot/Price Retracement). I think that after this correction price can go UP81K-871K // 119K-128K.
My Suggestion: please DO NOT buy Coins for Midterm and Long-terminvestment until the market finds a way.
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 on this post.
Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe.
Good luck
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Downward Trend has broken 📉 (BTC.D/OTHERS.D)
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New post :📉 Bitcoin Analyze Timeframe 1h ⏰(short term) 📉
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💵📉Bitcoin Analyze Timeframe 15min 📉💵/pay attention to Rising Wedge 👀
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New Post.👍
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New post 👍
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New post, bitcoin analyze timeframe 4h 👍
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Our TRZ worked 👍, and follow lines.
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RSI Analyze (BTC), Timeframe daily🕐
Pullback or Fake break 🧐❓
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BTC Analyze (Play with Pitchfork's Lines🍴 + Fib Circle)
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The new post read it please: Bitcoin Analyze (Technical & Fundamental)!!!