As I expected in yesterday's idea, Bitcoin(
BTCUSDT) started to rise from near the Support line and hit the Target.
Bitcoin is trading near the Potential Reversal Zone(PRZ)[$103,130-$101,430], the upper line of the ascending channel(minor) , and the Resistance line.
In terms of Elliott Wave theory, it seems that Bitcoin has successfully completed the microwave B of the main wave 4 in the ascending channel(minor). A break of the lower line of the ascending channel(minor) could be a sign of the completion of this wave. The corrective structure of the main wave 4 so far could be a Zigzag(ABC/5-3-5).
I expect Bitcoin to drop to at least $100,923 AFTER breaking the lower line of the ascending channel(minor) and breaking the Support line, the next target could be the lower line of the ascending channel(major).
Cumulative Short Liquidation Leverage: $106,943-$105,913
Cumulative Short Liquidation Leverage: $105,525-$104,500
Cumulative Long Liquidation Leverage: $100,763-$99,774
Note: If Bitcoin goes above $105,300, we can expect more pumps.
Note: If Bitcoin touches $99,400, we should expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is trading near the Potential Reversal Zone(PRZ)[$103,130-$101,430], the upper line of the ascending channel(minor) , and the Resistance line.
In terms of Elliott Wave theory, it seems that Bitcoin has successfully completed the microwave B of the main wave 4 in the ascending channel(minor). A break of the lower line of the ascending channel(minor) could be a sign of the completion of this wave. The corrective structure of the main wave 4 so far could be a Zigzag(ABC/5-3-5).
I expect Bitcoin to drop to at least $100,923 AFTER breaking the lower line of the ascending channel(minor) and breaking the Support line, the next target could be the lower line of the ascending channel(major).
Cumulative Short Liquidation Leverage: $106,943-$105,913
Cumulative Short Liquidation Leverage: $105,525-$104,500
Cumulative Long Liquidation Leverage: $100,763-$99,774
Note: If Bitcoin goes above $105,300, we can expect more pumps.
Note: If Bitcoin touches $99,400, we should expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly 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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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.