Bitcoin Near Resistance — A Bearish Pattern Is Taking Shape
As I expected in yesterday’s idea, Bitcoin(
BTCUSDT) continued its downward move with the help of the Adam & Adam double top pattern and reached its target(Target Done).
Currently, Bitcoin is moving near the Cumulative Short Liquidation Leverage($78,540-$77,780), and the resistance zone($77,480-$76,740).
I expect Bitcoin to drop to at least the Cumulative Long Liquidation Leverage($75,710-$74,950) with the help of the Bearish Bat Harmonic Pattern after the lower line of the ascending channel is broken.
Target: Cumulative Long Liquidation Leverage($75,710-$74,950)
Stop Loss: $77,950
CME gap: $84,560-$79,660
CME gap: $69,535-$70,055
CME gap: $67,570-$67,170
What is your opinion on the short-term trend of Bitcoin?
💡 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) continued its downward move with the help of the Adam & Adam double top pattern and reached its target(Target Done).Currently, Bitcoin is moving near the Cumulative Short Liquidation Leverage($78,540-$77,780), and the resistance zone($77,480-$76,740).
I expect Bitcoin to drop to at least the Cumulative Long Liquidation Leverage($75,710-$74,950) with the help of the Bearish Bat Harmonic Pattern after the lower line of the ascending channel is broken.
Target: Cumulative Long Liquidation Leverage($75,710-$74,950)
Stop Loss: $77,950
CME gap: $84,560-$79,660
CME gap: $69,535-$70,055
CME gap: $67,570-$67,170
What is your opinion on the short-term trend of Bitcoin?
💡 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.
Dagangan ditutup: hentian tercapai
Bitcoin was also affected by the SPX500 index pump.The Stop Loss(SL= $77,950) was touched
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🚀 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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.