First of all, I must say that this is a short-term analysis in a 15-minute time frame. Please be careful.
Let's take risks while respecting capital management. Be sure to respect capital management.
Bitcoin(
BTCUSDT) is currently trading in the support zone($84,120_$81,500), Potential Reversal Zone(PRZ)[$84,000_$83,180] near the lower line of the ascending channel.
In terms of Elliott Wave theory, it seems that Bitcoin could complete its 5 bearish waves near the lower line of the ascending channel.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to be able to rise to at least $85,400.
Cumulative Short Liquidation Leverage: $86,397_$85,760
Cumulative Long Liquidation Leverage: $84,262_$83,336
Note: One of the reasons for Bitcoin's decline is the decline in US indices such as
NQ1! , 
SPX , and 
DJI .
Note: If Bitcoin falls below $83,000, we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Let's take risks while respecting capital management. Be sure to respect capital management.
Bitcoin(
BTCUSDT) is currently trading in the support zone($84,120_$81,500), Potential Reversal Zone(PRZ)[$84,000_$83,180] near the lower line of the ascending channel.In terms of Elliott Wave theory, it seems that Bitcoin could complete its 5 bearish waves near the lower line of the ascending channel.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to be able to rise to at least $85,400.
Cumulative Short Liquidation Leverage: $86,397_$85,760
Cumulative Long Liquidation Leverage: $84,262_$83,336
Note: One of the reasons for Bitcoin's decline is the decline in US indices such as
NQ1! , SPX , and DJI .Note: If Bitcoin falls below $83,000, we can expect more dumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute 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 closed: stop reached
Bitcoin started to rise from Potential Reversal Zone(PRZ)[$84,000_$83,180] as I expected, but the momentum was not enough to reach the target and as I said, this position was a bit risky, but since it did not reach the target, I chose the STOP LOSS tag. (I try to be transparent with my followers so that all posts are updated.)Note
Bitcoin is currently moving in a Support zone($84,120-$81,500). This support zone is of great importance to me, so I don't think Bitcoin will be able to break this support zone on the first attack.
At least Saturday and Sunday might NOT be a good time to break the Support zone($84,120-$81,500) because the trading volume is generally low. Of course, we should be prepared for any scenario.
In terms of Elliott waves, it seems that BTC has completed the main wave 3 at the Support zone($84,120-$81,500). We should expect upward corrective waves = main wave 4.
I expect Bitcoin to rise to $84,470.
If Bitcoin falls below $81,220, we should expect further declines.
Note
Target Done.
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👑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.