Navigating to a Landscape of Bitcoin 🕊️Phoenix🕊️ Rebirth!!!
Updated
Hi✋🏻dear traders, I'm pejman🙋🏻 and welcome🌼 to the navigation👁️ of the Bitcoin Phoenix rebirth🔥.
As you know, Bitcoin has appeared as a legend in the cryptocurrency🪙world, so this currency should be described📜 as a legendary💫 bird.
Bitcoin, the world's🌍 first and most popular💕 cryptocurrency, has experienced a rollercoaster🎢 of highs⬆️ and lows⬇️ over the years. Bitcoin has seen its share📈 of ups and downs, from its early days as part of the dark🌆 web to its extreme✨ mainstream popularity💰.
Today I invite💌 you to watch👀 the rebirth🌋 of the Bitcoin Phoenix, and I'm🙋🏻 gonna tell my opinion🗯️ about the rise💲 of this legendary bird from its ashes♨️.
In the chart📈, you can see👀 that this beautiful✨ bird formed a High⬆️ at the price of $69,000 and began to burn🔥 during this downward⬇️ trend in the weekly timeframe.
As you know, the downward trend happens when the candles🕯️ can form 🔻Lower Highs(LH) and 🔻Lower Lows(LL) every time (General definition of a downward trend).
As shown in the above chart📉, after reaching the peak⛰️ of $69,000, Bitcoin has been experiencing a price fall🔻 for less than a year and a half and is stuck👊🏻 below an important downward trend line.
In the last few weeks, Bitcoin has been able to break💥 this important downward🔻 trend line to the top🔝, which could be a positive✅ sign for the rebirth🍀 sparks✨ of the young Bitcoin.
The next sign❇️ is that Bitcoin was able to form one of the essential bullish🟢 signals in the financial markets yesterday, the golden🟡 cross.
A Golden🟡 Cross is a basic technical indicator that occurs✔️ in the market when a short-term moving average (50-day) of an asset rises☝🏻 above a long-term moving average ( 200-day ). When traders🤑 see a Golden Cross occur, they take this chart pattern as indicative of a strong bull🟢 market.
The next sign for this spark💥 and confirmation✅ of the bullish🟢 market's beginning is that Bitcoin can close a candle🕯️ above its previous Lower High(LH).
In addition, as you can see👀, the RSI indicator has crossed the 50% line in the weekly timeframe📅 and rose higher🔺. The RSI also can pull back to the 50% line and increase again.👇
According to these signs👌🏻, I expect Bitcoin to decrease🔻 to the Support zone($21870-$20870)🟢, and this price falling⬇️ can be like a pullback and a tribute to this zone.
After that, I expect it to grow💸 to the heavy Resistance zone($31820-$26550)🔴, which is probably our target🎯 price can be around the yearly pivot point, In the future👌🏻.
Maybe this young bird🕊️ will set the market on fire🔥 and be born again. But be patient my friends🙏🏻. Bill Gates says: ‘’Patience is a key🔑 element of success💪🏻’’.
Also, if you are interested in seeing my Bitcoin 🗺️Road map🗺️ drawn using Elliott's theory, be sure to visit the following post.👇
Remember✋🏻 to consult with experienced people, do a lot of research🔍, and be cautious in any investment💰 or financial decisions; Because Discretion is the most significant👌🏻 part of valor.
If you have any ideas💡 or questions❓, I'll gladly answer them in the comments💬.
Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that 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.
As you know, Bitcoin has appeared as a legend in the cryptocurrency🪙world, so this currency should be described📜 as a legendary💫 bird.
Bitcoin, the world's🌍 first and most popular💕 cryptocurrency, has experienced a rollercoaster🎢 of highs⬆️ and lows⬇️ over the years. Bitcoin has seen its share📈 of ups and downs, from its early days as part of the dark🌆 web to its extreme✨ mainstream popularity💰.
Today I invite💌 you to watch👀 the rebirth🌋 of the Bitcoin Phoenix, and I'm🙋🏻 gonna tell my opinion🗯️ about the rise💲 of this legendary bird from its ashes♨️.
In the chart📈, you can see👀 that this beautiful✨ bird formed a High⬆️ at the price of $69,000 and began to burn🔥 during this downward⬇️ trend in the weekly timeframe.
As you know, the downward trend happens when the candles🕯️ can form 🔻Lower Highs(LH) and 🔻Lower Lows(LL) every time (General definition of a downward trend).
As shown in the above chart📉, after reaching the peak⛰️ of $69,000, Bitcoin has been experiencing a price fall🔻 for less than a year and a half and is stuck👊🏻 below an important downward trend line.
In the last few weeks, Bitcoin has been able to break💥 this important downward🔻 trend line to the top🔝, which could be a positive✅ sign for the rebirth🍀 sparks✨ of the young Bitcoin.
The next sign❇️ is that Bitcoin was able to form one of the essential bullish🟢 signals in the financial markets yesterday, the golden🟡 cross.
A Golden🟡 Cross is a basic technical indicator that occurs✔️ in the market when a short-term moving average (50-day) of an asset rises☝🏻 above a long-term moving average ( 200-day ). When traders🤑 see a Golden Cross occur, they take this chart pattern as indicative of a strong bull🟢 market.
The next sign for this spark💥 and confirmation✅ of the bullish🟢 market's beginning is that Bitcoin can close a candle🕯️ above its previous Lower High(LH).
In addition, as you can see👀, the RSI indicator has crossed the 50% line in the weekly timeframe📅 and rose higher🔺. The RSI also can pull back to the 50% line and increase again.👇
According to these signs👌🏻, I expect Bitcoin to decrease🔻 to the Support zone($21870-$20870)🟢, and this price falling⬇️ can be like a pullback and a tribute to this zone.
After that, I expect it to grow💸 to the heavy Resistance zone($31820-$26550)🔴, which is probably our target🎯 price can be around the yearly pivot point, In the future👌🏻.
Maybe this young bird🕊️ will set the market on fire🔥 and be born again. But be patient my friends🙏🏻. Bill Gates says: ‘’Patience is a key🔑 element of success💪🏻’’.
Also, if you are interested in seeing my Bitcoin 🗺️Road map🗺️ drawn using Elliott's theory, be sure to visit the following post.👇
Remember✋🏻 to consult with experienced people, do a lot of research🔍, and be cautious in any investment💰 or financial decisions; Because Discretion is the most significant👌🏻 part of valor.
If you have any ideas💡 or questions❓, I'll gladly answer them in the comments💬.
Bitcoin Analyze ( BTCUSDT ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that 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.
Note
Agree with me❗️❓Note
Can Bitcoin make a new HIgher High(HH)❓Note
✅Running well✅Note
Weekly time frameNote
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