Bitcoin moved as I expected in the previous post and started to rise after breaking the Resistance zone($64,140-$63,820).
Bitcoin was accompanied by two pieces of good news in the last 24 hours:
PayPal Opens Crypto Trading for US Businesses.
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.
Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ).
According to the theory of Elliott waves, Bitcoin seems to be completing microwave 5 of the main wave C. (Actually, I think Bitcoin is still in corrective waves).
Also, Regular Divergence (RD-) between Consecutive Peaks.
The
USDT.D chart is moving in the Heavy Support zone, near the Support lines and the lower line of the Descending Channel. I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.
As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP
BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000.
⚠️Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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 was accompanied by two pieces of good news in the last 24 hours:
PayPal Opens Crypto Trading for US Businesses.
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.
Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ).
According to the theory of Elliott waves, Bitcoin seems to be completing microwave 5 of the main wave C. (Actually, I think Bitcoin is still in corrective waves).
Also, Regular Divergence (RD-) between Consecutive Peaks.
The
USDT.D chart is moving in the Heavy Support zone, near the Support lines and the lower line of the Descending Channel. I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP
BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000.⚠️Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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.
Trade active
Trade was activatedNote
Tensions between Lebanon and Israel can affect Bitcoin's decline.Trade closed: target reached
✅First Target Done✅BTC was able to break the lower line of the ascending channel.
Note
The first CME Gap was filled.Trade closed: target reached
✅Second Target Done✅
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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.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁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.