Bitcoin(
BTCUSDT) rose to $114,400 and even higher, as I expected in my previous idea. Of course, Powell's words also played a significant role in this increase.
Bitcoin has started to decline after the rebound and is currently trading at a Heavy Support zone($111,980-$105,820) near the Potential Reversal Zone(PRZ)[$110,560-$109,360], Cumulative Long Liquidation Leverage($110,157-$109,000), 100_EMA(Daily), and Support lines.
The question is whether Bitcoin will manage to break the Heavy Support zone($111,980-$105,820) or will it start to rise again. What do you think?
In terms of Elliott Wave theory, Bitcoin appears to be completing microwave 5 of the downtrend waves the past two days. Microwave 5 could be completed at Potential Reversal Zone(PRZ)[$110,560-$109,360] and Cumulative Long Liquidation Leverage($110,157-$109,000).
Also, we can see theRegular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise to at least $113,500 after entering the Potential Reversal Zone(PRZ)[$110,560-$109,360] or hitting the Support lines. Market conditions may get a little emotional with the US market opening, so please observe money management.
Second Target: $114,517
Cumulative Long Liquidation Leverage: $108,000-$106,747 =Important
Cumulative Short Liquidation Leverage: $114,246-$113,326
Cumulative Short Liquidation Leverage: $117,939-$115,500
CME Gap: $117,235-$113,800
Stop Loss(SL): $108,670 /If your long position trigger was near the lower lines of the descending channel, it could be =Stop Loss(SL)=$106,417
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) rose to $114,400 and even higher, as I expected in my previous idea. Of course, Powell's words also played a significant role in this increase.Bitcoin has started to decline after the rebound and is currently trading at a Heavy Support zone($111,980-$105,820) near the Potential Reversal Zone(PRZ)[$110,560-$109,360], Cumulative Long Liquidation Leverage($110,157-$109,000), 100_EMA(Daily), and Support lines.
The question is whether Bitcoin will manage to break the Heavy Support zone($111,980-$105,820) or will it start to rise again. What do you think?
In terms of Elliott Wave theory, Bitcoin appears to be completing microwave 5 of the downtrend waves the past two days. Microwave 5 could be completed at Potential Reversal Zone(PRZ)[$110,560-$109,360] and Cumulative Long Liquidation Leverage($110,157-$109,000).
Also, we can see theRegular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise to at least $113,500 after entering the Potential Reversal Zone(PRZ)[$110,560-$109,360] or hitting the Support lines. Market conditions may get a little emotional with the US market opening, so please observe money management.
Second Target: $114,517
Cumulative Long Liquidation Leverage: $108,000-$106,747 =Important
Cumulative Short Liquidation Leverage: $114,246-$113,326
Cumulative Short Liquidation Leverage: $117,939-$115,500
CME Gap: $117,235-$113,800
Stop Loss(SL): $108,670 /If your long position trigger was near the lower lines of the descending channel, it could be =Stop Loss(SL)=$106,417
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 attivo
Trade was activatedTrade chiuso: obiettivo raggiunto
Target Done
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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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.