Bitcoin Analysis==>> Short term!!!
Updated
In the previous posts✅, we found the Top and Bottom of the rally, which started at $59,830 and continued up to $64,470.
Bitcoin(
BTCUSDT ) is currently moving near the Support zone ($60,000-$59,100) and Potential Reversal Zone(PRZ).
I also expect Bitcoin to make Regular Divergence (RD+) after touching the Support zone ($60,000-$59,100).
According to Elliott's wave theory, Bitcoin seems to be completing wave 5.
I expect Bitcoin to rise above the Support zone ($60,000-$59,100) at least to my First target as shown on the chart(around $61,000).
⚠️Note: If Bitcoin breaks the Support zone($60,000-$59,100), we can expect Bitcoin to go down more=first step will be $58,000.⚠️
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.
Bitcoin(
BTCUSDT ) is currently moving near the Support zone ($60,000-$59,100) and Potential Reversal Zone(PRZ).I also expect Bitcoin to make Regular Divergence (RD+) after touching the Support zone ($60,000-$59,100).
According to Elliott's wave theory, Bitcoin seems to be completing wave 5.
I expect Bitcoin to rise above the Support zone ($60,000-$59,100) at least to my First target as shown on the chart(around $61,000).
⚠️Note: If Bitcoin breaks the Support zone($60,000-$59,100), we can expect Bitcoin to go down more=first step will be $58,000.⚠️
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.
Note
For now, it is better to focus on the lower line of the descending channel and expect a reaction to the lower line and expect an increase if Bitcoin stabilizes above 60,000, otherwise we should wait for Bitcoin to fall, although the developments in the Middle East In these minutes, it has become more than before.
My current position for Long:
Of course, the points can change, for now my points👇
BTCUSDT
🟢Position: Long
✅Entry Point: 58574.0 USDT (Limit Order)
⛔️Stop Loss: 57742.0 USDT
💰Take Profit:
🎯59759.0 USDT
Risk-To-Reward: 1.42
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
Trade active
Trade was activated (manually)
BTC did not touch my last signal, but I opened a new one.
Trade closed: target reached
First Target DoneTrade closed: target reached
Second Target Done
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