Bitcoin(
BTCUSDT) is still moving in the Resistance zone($100,000-$98,000).
Compared to the previous analysis, I still have the opinion of correction on Bitcoin.
Regarding Elliott wave theory, Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
Also, USDT.D%(USDT.D) is in a very sensitive zone. Given that USDT.D% is near the lower line of the descending channel, the support lines, and the support zone, I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours, and the increase in USDT.D% can cause Bitcoin to decrease.👇
I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000.
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️
Cumulative Short Liquidation Leverage: $100,840-$100,000
Cumulative Long Liquidation Leverage: $97,870-$97,000
Cumulative Long Liquidation Leverage: $96,000-$95,000
🙏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 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) is still moving in the Resistance zone($100,000-$98,000).Compared to the previous analysis, I still have the opinion of correction on Bitcoin.
Regarding Elliott wave theory, Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
Also, USDT.D%(
USDT.D) is in a very sensitive zone. Given that USDT.D% is near the lower line of the descending channel, the support lines, and the support zone, I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours, and the increase in USDT.D% can cause Bitcoin to decrease.👇I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000.
⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️
Cumulative Short Liquidation Leverage: $100,840-$100,000
Cumulative Long Liquidation Leverage: $97,870-$97,000
Cumulative Long Liquidation Leverage: $96,000-$95,000
🙏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 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.
Giao dịch đang hoạt động
As Bitcoin pumped over the past hour, the wave structure changed for me.(An hour ago, the news of the purchase of 1070 bitcoins by the MicroStrategy company came, which could be one of the reasons for the bitcoin pump)
Bitcoin seems to be completing wave 5, so wave 3 was extended.
In general, Bitcoin can be in an Expanding Flat structure(ABC/3-3-5).
Of course, the volume of candles in recent hours is a bit worrying, which is a positive point for the Bulls.
The positive for the Bears is that as long as USDT.D% does not fall below 3.79%, they can hope for a correction or decline.
From the point of view of Classical Technical Analysis, there is still a possibility of the formation of the Head and Shoulders pattern so that the Regular Divergence(RD-) between volume and price can be clearly seen between the right and left shoulders.
If Bitcoin goes below $98,400, we can hope for a further drop. In the next step, support lines.
⚠️If Bitcoin goes above $104,520, we can expect a new All-Time High(ATH).⚠️
I opened the SHORT position now and I will add to $103401.0 the size of the current position and transfer Stop Loss(SL) to $104520.0. If my Stop loss touches, I will be -2 Risk-To-Reward.
Đóng lệnh: đạt mục tiêu
Bitcoin Update
Target Done.
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8+ Years Experience • Elliott Wave • Volume & Order Flow
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8+ Years Experience • Elliott Wave • Volume & Order Flow
Free Signals, Market Analysis & Education
Explore our community & VIP services:
linktr.ee/ProTrader365
Bài đăng liên quan
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.