Bitcoin(
BTCUSDT) started the weekend with a bullish move after news circulated about the possibility of a memorandum agreement between Iran and the U.S., mentioned by Trump. However, the bullish momentum was not supported by strong volume, and one of the main reasons for the low volume is the typical lower liquidity and trading activity during weekends.
Currently, Bitcoin is moving near the resistance zone($78,200-$77,620) and the Cumulative Short Liquidation Leverage($79,000-$78,000).
From an Elliott Wave Theory perspective, it seems Bitcoin has completed a Zigzag correction(ABC/5-3-5), where the final wave structure appears to be forming an Ending Diagonal.
Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks.
Additionally, the current structure of USDT.D%(USDT.D) still suggests a bullish trend for this index, which could put additional pressure on cryptocurrencies and especially Bitcoin.
I expect Bitcoin, in the coming hours, to attack the support lines. If Bitcoin breaks below the important trading zone between $76,800 and $76,600, we could expect further downside momentum and lower targets afterward, and also fill the CME Gap($76,105-$75,915).
First Target: $76,816
Second Target: $76,247
Third Target: $75,603
Stop Loss(SL): $78,323
Cumulative Long Liquidation Leverage: $75,280-$74,650
Cumulative Long Liquidation Leverage: $73,930-$73,260
CME gap: $79,165-$78,945
What’s your view on Bitcoin? Can Bitcoin continue trading above $78,000, or should we expect another bearish move?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥If you find it helpful, please BOOST this post and share it with your friends.
BTCUSDT) started the weekend with a bullish move after news circulated about the possibility of a memorandum agreement between Iran and the U.S., mentioned by Trump. However, the bullish momentum was not supported by strong volume, and one of the main reasons for the low volume is the typical lower liquidity and trading activity during weekends.Currently, Bitcoin is moving near the resistance zone($78,200-$77,620) and the Cumulative Short Liquidation Leverage($79,000-$78,000).
From an Elliott Wave Theory perspective, it seems Bitcoin has completed a Zigzag correction(ABC/5-3-5), where the final wave structure appears to be forming an Ending Diagonal.
Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks.
Additionally, the current structure of USDT.D%(
USDT.D) still suggests a bullish trend for this index, which could put additional pressure on cryptocurrencies and especially Bitcoin.I expect Bitcoin, in the coming hours, to attack the support lines. If Bitcoin breaks below the important trading zone between $76,800 and $76,600, we could expect further downside momentum and lower targets afterward, and also fill the CME Gap($76,105-$75,915).
First Target: $76,816
Second Target: $76,247
Third Target: $75,603
Stop Loss(SL): $78,323
Cumulative Long Liquidation Leverage: $75,280-$74,650
Cumulative Long Liquidation Leverage: $73,930-$73,260
CME gap: $79,165-$78,945
What’s your view on Bitcoin? Can Bitcoin continue trading above $78,000, or should we expect another bearish move?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌Bitcoin Analysis (BTCUSDT), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥If you find it helpful, please BOOST this post and share it with your friends.
トレード稼働中
Short position was activated.Entry Point: 77680.0 USD (Limit Order)
Take Profit: 76493.0 USD➡️Risk-To-Reward: 1.60
Stop Loss: 78423.0 USD
トレード終了: 利益確定目標に到達
Target Done=>Risk-To-Reward: 1.60
ノート
Full Target Done
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
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🎁 Free VIP Forex and Crypto Signals, please visit:
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-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。