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Bitcoin Analyze (Counting Waves + Descending Channels)!!!

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Hi, yesterday we saw a pump, maybe one of the reasons was interview Cathie Wood ⚔️ Jack Dorsey ⚔️ Elon Musk ⚔️ Steve Lee, But I want to work with Technical Analysis, not Funmanetal right now 😊

Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰

Location🌊: I think that I was able to find the end of microwave 4 of the main Wave C at 36600$ === if you want to know how did I do?! please read my post with the topic ''bitcoin Analyze (Triple Three Corrections) !!!'' + ''Bitcoin Analyze (Two Descending Triangle )!!!''.

Live Location: Bitcoin is playing on microwave 5 of main wave C (End of Corrective Structure) on Descending Channel 1. If I want to explain more about where is Bitcoin now? I can say, Bitcoin is on microwave 4 of microwave 3 of microwave 5 of main wave C 😊 (Microwave 3 of microwave 5 is Extended). Also, I used Fib Tools + Pivot Points for finding End of microwave 4 of microwave 3 of microwave 5 of main wave C.in In addition, I think that we can find the end of microwave 4 at TRZ + Resistance Zone (32620$ until 32430$) + Bitcoin is on top of Descending Channels 3 & 4, but I think Bitcoin will run between Resistance Zone (32620$ until 32430$) and Support Zone 1 (31340 until 31230$) and then on TRZ , we can see main Dump or better I had to say; we can find another major pivot on the chart (Timeframe 4h ⏰).

Also, I have to say that Microwave 4 can NOT go UP more than Support Zone 1 (31340 until 31230$) == Elliott's rules will be violated (Wave 4 and Wave 1 can not have overlap).

Support and Resistance Zones on Bitcoin's way (Short term):

Support Zone 1: 31340$ until 31230$ (Fib Zone + Support + Weekly Pivot Point)

Support Zone 2: 31980$ until 31880$ (Fib Zone + Support)

Resistance Zone: 32430$ until 32620$ (Fib Zone + Resistance)

MACD (Timeframe 4h ⏰): We have Hidden Divergence (HD+) between MACD and Price, Until Now.👉

RSI (Timeframe Daily⏰): RSI was able to break our Descending Channel but I don't think that It can continue this way, maybe again RSI will back to the channel, and even it can make Descending Triangle, Please FOLLOW my lines on my RSI chart.👉

ADX (Timeframe Daily⏰) = 26.5 >20 or 25 (-DI Line over +DI Line ) == means still, we are on Bearish Market 👉

My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point (35060$), then we can think about buying coins// in addition, you can find triggers for opening Short Position (Short term).

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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