Bitcoin Analyze (Short Term, 1-hour Time Frame,03/15/2023)!!!

14 Mar 2023

To start this post, I suggest you read the Bitcoin Roadmap that I shared with you yesterday.👇

Bitcoin was moving in an ascending channel to complete main wave A, and breaking the 🔴resistance zone($25,250-$24,440)🔴 ahead was far from expectation.

Regarding to CPI announcement published by The Fed, we witnessed a 🐮Bull trap🐮 that ended above the ascending channel and near the resistance line and PRZ . Then the Bitcoin fell.

After the ascending channel breaks, we can almost confirm the end of main wave A.

Bitcoin is also likely to form a Head and Shoulders Pattern (Head = 🐮Bull trap🐮).

So, After a pull back to ascending channel, I expect Bitcoin to move towards the 🟢support zone($21,600-$20,940)🟢 over time or with a Sharpie mode.

Bitcoin Analyze ( BTCUSDT ), 1-hour 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.

15 Mar 2023

Not

Shooting Star Candlestick Pattern can be sign for downward.

15 Mar 2023

Not

Time frame =15min