Bitcoin(
BTCUSDT) is currently trading in a Heavy Support zone($112,000-$105,800) and near the Support zone($110,920-$109,900), Support lines, Potential Reversal Zone(PRZ)[$110,560-$109,950], and Cumulative Long Liquidation Leverage($110,430-$109,660).
In terms of Elliott Wave theory, Bitcoin seems to have completed a microwave 5, the reason for today's drop was the correction in the SPX500 index(
SPX) and the release of US indices(Final GDP q/q, Unemployment Claims).
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to move back above 100_EMA(Daily) because the breakout volume was not enough, and attack the Resistance lines. If the Resistance lines are broken we can expect the CME Gap($113,380-$113,275) to fill.
First Target: $112,600
Second Target: $113,280
Stop Loss(SL): $109,280
Cumulative Short Liquidation Leverage: $114,866-$113,720
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (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.
BTCUSDT) is currently trading in a Heavy Support zone($112,000-$105,800) and near the Support zone($110,920-$109,900), Support lines, Potential Reversal Zone(PRZ)[$110,560-$109,950], and Cumulative Long Liquidation Leverage($110,430-$109,660).In terms of Elliott Wave theory, Bitcoin seems to have completed a microwave 5, the reason for today's drop was the correction in the SPX500 index(
SPX) and the release of US indices(Final GDP q/q, Unemployment Claims).Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to move back above 100_EMA(Daily) because the breakout volume was not enough, and attack the Resistance lines. If the Resistance lines are broken we can expect the CME Gap($113,380-$113,275) to fill.
First Target: $112,600
Second Target: $113,280
Stop Loss(SL): $109,280
Cumulative Short Liquidation Leverage: $114,866-$113,720
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (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.
Trade geschlossen: Stop wurde erreicht
Stop Loss was touchedBitcoin managed to break the Support zone($110,920-$109,900) and Support lines.
Better look for Short position triggers on pullbacks on lower time frames.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.