Bitcoin Analyze (Road Map, 02/05/2023)!!!🗺️

After breaking the important downward trend line, Bitcoin seems to have passed the main corrective wave A and is on the way to completing the main corrective wave B.

If you are curious about the structure of the main wave A, I suggest you take a look at the following post.👇

If you pay attention to the microwaves on the daily time frame, you will notice that Bitcoin has passed microwave 3, and since microwave 2 was a price correction, I expect microwave 4 to experience a⏰ time⏰ correction.

I marked the end of microwave 4 (zone) on the chart.

We can also consider microwave 4 as a pullback to the broken important downtrend line.

The interesting point is that SMA50 and SMA200 are creating one of the famous signals, the Golden cross.

🟡What is a 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 view this chart pattern as indicative of a strong bull market.

❗️Note❗️: Be sure to follow me in the next post; I will talk more about Bitcoin's bullish signs, targets, etc.

Bitcoin Analyze ( BTCUSDT ), Daily 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.

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New update(TF=15min)

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Weekly Timeframe

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Daily time frame.