for answering the question, I decided to update the road map that I published on Aug 14, the topic was ”Bitcoin Analyze (Road Map)!!!🗺️”.
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h⏰
Location🌊: Bitcoin’s Correction has started at around 64200$. Bitcoin was able to pass the First Main wave of Correction (Main wave A) at 28805$. Wave A had 5 microwaves, so we have to wait for seeing ZigZag (5-3-5) Correction (I am believing that corrective structure hasn’t ended).
We passed Main wave B by that dump + The price broke our important uptrend line (verification).
If Scenario 1 happens, we can see 30000$ – 28800$ until the end of the year (even less).
if Scenario 2 happens, we will not see very low prices, (probably around 37600$).
I tried to show you the end of each microwave, let’s see where are end of them? (a little hard to predict for now, but I try my luck 😉)
where is the end of microwave 1 of Main Wave C?
Taregts🎯: 44400$ until 42850$
where is the end of microwave 2 of Main Wave C?
Targets🎯: around 46600$ //around 47800$ // around 48914$// even around 51540$ (Low possible)
where is the end of microwave 3 of Main Wave C?
Targets🎯: 37600$ until 30800$
where is the end of microwave 4 of Main Wave C?
Targets🎯: 37800$ until 34200$
where is the end of microwave 5 of Main Wave C?
Targets🎯: 30600$ until 28800$ or even less than these.
Note: Over 53000$ my counting waves will fail and probably we are on new 5 impulsive waves for reaching new ATH.
❗️Sign❗️: if you remember that when we were at around 36000$, Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES, and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$, probably Bitcoin will arrive at 42850$ again👇
Thanks for reading this post, I hope that is useful for all.🌹🙏
My Suggestion: if you have coins, you have to think about taking profits especially on the end of microwave 2 of Main wave C/ if you don’t have coins, Don’t be FOMO, probably time will give you another chance 👍😉.
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.
Please do not forget the ✅’like’✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
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