Bitcoin(
BTCUSDT) started to rise as I expected in my previous post and hit all targets. Will Bitcoin continue the upward trend of the past two days!?
Please stay with me.
First of all, I have to say that Bitcoin is facing a Wall of Resistance lines (intersection of at least 4 Resistance lines). Do you think Bitcoin can easily break these resistance lines with a single attack?
Bitcoin is trading near the Resistance zone($87,520_$85,840), Potential Reversal Zone(PRZ)[$88,200_$86,930], and a Series of Resistance lines.
In terms of the Elliott Wave theory, Bitcoin appears to have completed Corrective waves. The corrective wave structure in the Ascending Channel is a Double Three Correction(WXY).
I expect Bitcoin to drop to $85,000 in the first step in the coming hours. The Second target is $84,333, and if the Support zone($84,430_$83,170) is broken, we should wait for the CME Gap($80,760_$80,380) to fill.
Do you think Bitcoin can break the wall of the Resistance lines, or will it start declining again?
Note: Donald Trump's speeches over the next hours could also affect the market, so trade a little more cautiously during this hour.
Trump’s Speech & Potential Tariffs
In today’s speech, Trump is expected to discuss new tariffs on imports from China, Mexico, and Canada, possibly ranging from 20-25%. If confirmed, this could impact global markets, strengthen the USD, and increase economic uncertainty.
Note: If Bitcoin touches $89,000, we should most likely expect more pumping.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 4-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) started to rise as I expected in my previous post and hit all targets. Will Bitcoin continue the upward trend of the past two days!?Please stay with me.
First of all, I have to say that Bitcoin is facing a Wall of Resistance lines (intersection of at least 4 Resistance lines). Do you think Bitcoin can easily break these resistance lines with a single attack?
Bitcoin is trading near the Resistance zone($87,520_$85,840), Potential Reversal Zone(PRZ)[$88,200_$86,930], and a Series of Resistance lines.
In terms of the Elliott Wave theory, Bitcoin appears to have completed Corrective waves. The corrective wave structure in the Ascending Channel is a Double Three Correction(WXY).
I expect Bitcoin to drop to $85,000 in the first step in the coming hours. The Second target is $84,333, and if the Support zone($84,430_$83,170) is broken, we should wait for the CME Gap($80,760_$80,380) to fill.
Do you think Bitcoin can break the wall of the Resistance lines, or will it start declining again?
Note: Donald Trump's speeches over the next hours could also affect the market, so trade a little more cautiously during this hour.
Trump’s Speech & Potential Tariffs
In today’s speech, Trump is expected to discuss new tariffs on imports from China, Mexico, and Canada, possibly ranging from 20-25%. If confirmed, this could impact global markets, strengthen the USD, and increase economic uncertainty.
Note: If Bitcoin touches $89,000, we should most likely expect more pumping.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 4-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.
Trade active
Trade was activated in PRZTrade closed: target reached
As I expected, Bitcoin started to decline from the Potential Reversal Zone(PRZ)[$88,200_$86,930]. Of course, during Donald Trump's speech, we saw a fake break, but in the end, Bitcoin could not prevail against a wall of resistance lines.
It is better to know that Bitcoin is following the US indices these days.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.