Bitcoin Analyze (Road Map, 05/01/2023)!!!🗺️

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Hi everyone👋.

As mentioned in previous posts, Bitcoin failed to break the 🔴heavy resistance zone($ 32,420-$ 28,900)🔴 in the first⚔️ attack⚔️.

According to the theory of Elliott waves, Bitcoin completed the 5th wave at $ 31,000 and is currently in a corrective phase. It takes time to recognize the structure of the corrective phase, but we can expect Bitcoin to fall into the 🟡Price Reversal Zone(PRZ)🟡 or 🟢support zone($ 25,300-$ 23,940)🟢 after breaking the support line.

💡Signs of the end of wave 5:

There is a Regular Divergence(RD-) between the end of wave 3 and the end of wave 5 in the RSI indicator (Bitcoin's growth last week was a pullback to the neckline of the Double Top pattern)👇.

There is a Regular Divergence(RD-) between the end of wave 3 and the end of wave 5 in the Volume indicator.

Crossing 50-EMA below 50-SMA (interesting to know that the first buy signal confirmed the start of wave 3 - the first sell signal confirmed the start of corrective wave 4 - the second buy signal confirmed the start of wave 5 - the second sell signal can start to confirm the corrective phase).

Bitcoin Analyze ( ), Daily time frame ⏰.

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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What is your Road map for BTC?

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Will BTC break the support line or not? what is your idea?

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