Bitcoin(
BTCUSDT) was successful in three moves, as I expected in my previous post. I still think Bitcoin will NOT stop trying to break the Heavy Resistance zone($93,300_$89,200).
Bitcoin is moving near the Support zone($87,100_$85,800) and Cumulative Long Liquidation Leverage($86,376_$85,411).
Regarding the Elliott Wave theory, Bitcoin appears to be completing microwave C of the main wave 4. The structure of the main wave 4 is a Zigzag Correction(ABC/5-3-5).
If we look at the USDT.D%(USDT.D) chart on the 4-hour time frame, USDT.D% is pulling back to the Uptrend line and is currently in the Resistance zone(5.30%-5.15%). There is a possibility of completing the Bearish Flag Pattern.👇
I expect Bitcoin to rise again in the coming hours and attack the Heavy Resistance zone($93,300_$89,200), Potential Reversal Zone(PRZ)[$90,200_$88,400], Resistance lines, Monthly Pivot Point, and 50_SMA(Daily).
Note: If Bitcoin falls below $85,400, we can expect more dumps.
Market Developments:
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 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) was successful in three moves, as I expected in my previous post. I still think Bitcoin will NOT stop trying to break the Heavy Resistance zone($93,300_$89,200).Bitcoin is moving near the Support zone($87,100_$85,800) and Cumulative Long Liquidation Leverage($86,376_$85,411).
Regarding the Elliott Wave theory, Bitcoin appears to be completing microwave C of the main wave 4. The structure of the main wave 4 is a Zigzag Correction(ABC/5-3-5).
If we look at the USDT.D%(
USDT.D) chart on the 4-hour time frame, USDT.D% is pulling back to the Uptrend line and is currently in the Resistance zone(5.30%-5.15%). There is a possibility of completing the Bearish Flag Pattern.👇I expect Bitcoin to rise again in the coming hours and attack the Heavy Resistance zone($93,300_$89,200), Potential Reversal Zone(PRZ)[$90,200_$88,400], Resistance lines, Monthly Pivot Point, and 50_SMA(Daily).
Note: If Bitcoin falls below $85,400, we can expect more dumps.
Market Developments:
- GameStop announced BTC adoption as a treasury asset, signaling growing corporate interest.
- Trump Media partnered with Crypto to launch crypto ETFs, adding institutional momentum.
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 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.Trade closed: stop reached
Please pay attention to the text of the analysis. I always try to include the price at which the analysis failed in the analysis, which can act as a Stop Loss for you.In general, my posts are just my personal analysis and not all analyses can be correct, so please observe capital management.
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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.