Bitcoin(
BTCUSDT) attacked the Resistance zone ($87,520-$85,840) and the important Resistance line as I expected in yesterday's idea, but it seems that it failed to break.
Bitcoin is moving between two Support and Resistance zones.
From a Classic Technical Analysis, Bitcoin appears to have formed a Rising Wedge Pattern.
From an Elliott Wave theory, Bitcoin appears to have completed a main wave 5 on the 1-hour time frame.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
If we look at the Bitcoin chart in the 4-hour timeframe, a Shooting Star Candlestick Pattern with high volume is clearly visible near the Resistance zone ($87,520-$85,840), which could signal a reversal and decline in Bitcoin.
I expect Bitcoin to start declining again after an upward correction and break the lower line of the rising wedge pattern, and reach the targets I have indicated on the chart.
Cumulative Short Liquidation Leverage: $87,708-$86,487
Cumulative Long Liquidation Leverage: $84,520-$83,687
Do you think Bitcoin can finally break the important resistance line? I would like to hear your thoughts.
Note: If Bitcoin breaks above the Resistance zone ($87,520-$85,840), we can expect a pump.
Note: If Bitcoin falls below $81,000, we can 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.
BTCUSDT) attacked the Resistance zone ($87,520-$85,840) and the important Resistance line as I expected in yesterday's idea, but it seems that it failed to break. Bitcoin is moving between two Support and Resistance zones.
From a Classic Technical Analysis, Bitcoin appears to have formed a Rising Wedge Pattern.
From an Elliott Wave theory, Bitcoin appears to have completed a main wave 5 on the 1-hour time frame.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
If we look at the Bitcoin chart in the 4-hour timeframe, a Shooting Star Candlestick Pattern with high volume is clearly visible near the Resistance zone ($87,520-$85,840), which could signal a reversal and decline in Bitcoin.
I expect Bitcoin to start declining again after an upward correction and break the lower line of the rising wedge pattern, and reach the targets I have indicated on the chart.
Cumulative Short Liquidation Leverage: $87,708-$86,487
Cumulative Long Liquidation Leverage: $84,520-$83,687
Do you think Bitcoin can finally break the important resistance line? I would like to hear your thoughts.
Note: If Bitcoin breaks above the Resistance zone ($87,520-$85,840), we can expect a pump.
Note: If Bitcoin falls below $81,000, we can 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.
Trade ist aktiv
Trade was activated after breaking the lower line of the rising wedge pattern.Trade geschlossen: Ziel wurde erreicht
First Target Done
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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.
🚀 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.