Bitcoin Roadmap=>Short-term!!!
Updated
As I expected, Bitcoin(
BTCUSDT) once again attacked the 50_SMA(Daily) but failed to defeat it.
Bitcoin is currently moving near Heavy Support zone($95,000-$90,870), Support zone($96,620-$95,520) and Potential Reversal Zone(PRZ)[$96,250-$95,670].
According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing the main wave 4. To confirm the end of the main wave 4, we need to confirm the break of the 50_SMA(Daily).
It also seems that Bitcoin in microwaves should experience an upward movement in the coming hours.
I expect Bitcoin to at least rise to the Targets I have specified in the chart.
⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️
⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️
🙏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 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) once again attacked the 50_SMA(Daily) but failed to defeat it.Bitcoin is currently moving near Heavy Support zone($95,000-$90,870), Support zone($96,620-$95,520) and Potential Reversal Zone(PRZ)[$96,250-$95,670].
According to the theory of Elliott waves, Bitcoin seems to have succeeded in completing the main wave 4. To confirm the end of the main wave 4, we need to confirm the break of the 50_SMA(Daily).
It also seems that Bitcoin in microwaves should experience an upward movement in the coming hours.
I expect Bitcoin to at least rise to the Targets I have specified in the chart.
⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️
⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️
🙏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 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
If BTC touches $96,200, we can hope for a rise again. Otherwise, we have to wait to break the 50_SMA(Daily)
Live price now: $95,400
Note
Bitcoin has managed to break the Support zone($96,620-$95,520), and it also seems that the 50_SMA(Daily) has been broken, so it is better to look for a short position.
As I said, the long position trigger did not activate.
Please always follow the updates in the posts; I will try to adapt myself to the market quickly.
Trade active
Short Position was activated.
Note
As long as Bitcoin does not go above $95,600 and 50_SMA(Daily), we can still hope for a drop and reattack to support lines and the Heavy Support zone($95,000-$90,870).
Trade closed: target reached
After falling below the 50_SMA(Daily), Bitcoin tried three times to go back above the 50_SMA(Daily) but failed (fake breaks).
As I said in the previous update, we should have waited for Bitcoin to attack the support lines and the Heavy Support zone($95,000-$90,870).
The probability of breaking the support lines and Heavy Support zone($95,000-$90,870) is high, but we have to wait for the opening of the financial markets.
The Take Profit(TP) seems to be enough for now. I took the profit. Although I still give the possibility of breaking the support lines and the Heavy Support zone.
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