Today I want to share with you the Bitcoin(
BTCUSDT ) chart on the 15-minute time frame. This analysis is in line with the previous analysis (still valid).
These days, considering that Bitcoin is facing many parameters to analyze. One of the most important parameters is the SPX500 index(
SPX). I am long on the SPX500 index.
Bitcoin is currently moving in the Support zone($91,900-$88,400) and near the Support lines and Cumulative Long Liquidation Leverage($91,131-$90,477).
In terms of Elliott Wave theory, it seems that Bitcoin completed wave 5 with an Expanding Ending Diagonal, and we can now expect the start of the bullish waves, at least in the short term.
I expect Bitcoin to start rising from the Support zone($91,900-$88,400) and at least attack the Resistance lines. If the Resistance lines and the $95,700 level are broken with high momentum, we can expect further growth of Bitcoin.
First Target: $93,921
Second Target: $95,273
Third Target: $97,477
Stop Loss(SL): $89,537
Points may shift as the market evolves
Cumulative Long Liquidation Leverage: $88,570-$87,227
Cumulative Short Liquidation Leverage: $94,500-$93,785
Where do you think Bitcoin’s correction will go?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 15-minute 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 ) chart on the 15-minute time frame. This analysis is in line with the previous analysis (still valid).These days, considering that Bitcoin is facing many parameters to analyze. One of the most important parameters is the SPX500 index(
SPX). I am long on the SPX500 index.Bitcoin is currently moving in the Support zone($91,900-$88,400) and near the Support lines and Cumulative Long Liquidation Leverage($91,131-$90,477).
In terms of Elliott Wave theory, it seems that Bitcoin completed wave 5 with an Expanding Ending Diagonal, and we can now expect the start of the bullish waves, at least in the short term.
I expect Bitcoin to start rising from the Support zone($91,900-$88,400) and at least attack the Resistance lines. If the Resistance lines and the $95,700 level are broken with high momentum, we can expect further growth of Bitcoin.
First Target: $93,921
Second Target: $95,273
Third Target: $97,477
Stop Loss(SL): $89,537
Points may shift as the market evolves
Cumulative Long Liquidation Leverage: $88,570-$87,227
Cumulative Short Liquidation Leverage: $94,500-$93,785
Where do you think Bitcoin’s correction will go?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 15-minute 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
Position was activated in Cumulative Long Liquidation Leverage($91,131-$90,477)Nota
New Update
Trade chiuso: stop raggiunto
Stop Loss was touchedNota
More dumps for BTCNota
The S&P 500(SPX500) is showing signs of a potential decline.Although Bitcoin’s positive correlation with the SPX500 has been low recently, its negative correlation has remained high.
This means that if the SPX500 pulls back, we could see additional downside pressure on Bitcoin, potentially leading to a loss of another key support zone.
Stay sharp — correlations matter, especially at turning points in the market.
Nota
Short position touched the target based on the above explanation. We have to be ready for all scenarios.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
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-----
🎁 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.