Over the past few days, Bitcoin(
BTCUSDT) has been reacting quite sharply to recent news, showing some unexpectedly strong moves. So, first and foremost, it's a good idea to keep risk management in mind and be prepared for various scenarios.
At the moment, Bitcoin is approaching a Support zone($102,000,980-$96,880), a Potential Reversal Zone (PRZ)[$102,320,980-$100,950], and a Cumulative Long Liquidation Leverage($99,900-$98,188).
From an Elliott Wave standpoint, it appears that Bitcoin is completing a Zigzag correction(ABC/5-3-5).
I expect that from this Potential Reversal Zone (PRZ)[$102,320,980-$100,950] and the Cumulative Long Liquidation Leverage($99,900-$98,188), Bitcoin might start rising again and could potentially reach around $105,171(First Target).
Second Target: $107,291
Stop Loss(SL): $98,797
Cumulative Short Liquidation Leverage: $108,582-$106,850
Cumulative Short Liquidation Leverage: $112,590-$111,459[Heavy]
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (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) has been reacting quite sharply to recent news, showing some unexpectedly strong moves. So, first and foremost, it's a good idea to keep risk management in mind and be prepared for various scenarios.At the moment, Bitcoin is approaching a Support zone($102,000,980-$96,880), a Potential Reversal Zone (PRZ)[$102,320,980-$100,950], and a Cumulative Long Liquidation Leverage($99,900-$98,188).
From an Elliott Wave standpoint, it appears that Bitcoin is completing a Zigzag correction(ABC/5-3-5).
I expect that from this Potential Reversal Zone (PRZ)[$102,320,980-$100,950] and the Cumulative Long Liquidation Leverage($99,900-$98,188), Bitcoin might start rising again and could potentially reach around $105,171(First Target).
Second Target: $107,291
Stop Loss(SL): $98,797
Cumulative Short Liquidation Leverage: $108,582-$106,850
Cumulative Short Liquidation Leverage: $112,590-$111,459[Heavy]
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (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.
Ghi chú
The SPX500 index started to decline and changed the direction of the analysis.Bitcoin and the SPX index are highly correlated these days.
Giao dịch đang hoạt động
Bitcoin moved somewhat ahead of the roadmap, but due to the fall of the SPX500 index, it started to fall again.Short positions were activated when the lower line of the descending channel broke.
Bitcoin is likely to fall further.
Đóng lệnh: đạt mục tiêu
First Target Done = short position, always be ready for all scenarios.
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🎁 Free Real VIP Forex and Crypto Signals. Please visit:
🔗 t.me/ProTrader_365
🔗 t.me/ProTrader_365
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.