Bitcoin(
BTCUSDT) moved as it did in the previous post, I hope it was useful for everyone.
Bitcoin is still moving in the upper areas of the Heavy Resistance zone ($95,000-$88,500), this type of movement does NOT seem to be enough to break Heavy Resistance zone ($95,000-$88,500), so I still expect a correction.
The volume of Bitcoin's price rebound to the previous high does NOT seem to be sufficient, and even Regular Divergence(RD-) is evident.
According to Elliott Wave theory, it seems that Bitcoin has completed its 5 impulse waves and we should expect another decline. Of course, there is still a possibility that the main wave 4 will be an Expanding Flat(ABC/3-3-5). But both scenarios can bring us a decline in Bitcoin price.
I expect Bitcoin will NOT be able to break the Heavy Resistance zone ($95,000-$88,500) before the CME Gap($92,525-$91,415) is filled, This is just my analysis of course, considering the above explanation. What do you think?
Cumulative Short Liquidation Leverage: $96,000-$95,095
Cumulative Long Liquidation Leverage: $93,350-$92,551
Cumulative Long Liquidation Leverage: $90,276-$89,160
Note: If Bitcoin goes over $96,100, we can expect more pumps.
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) moved as it did in the previous post, I hope it was useful for everyone.Bitcoin is still moving in the upper areas of the Heavy Resistance zone ($95,000-$88,500), this type of movement does NOT seem to be enough to break Heavy Resistance zone ($95,000-$88,500), so I still expect a correction.
The volume of Bitcoin's price rebound to the previous high does NOT seem to be sufficient, and even Regular Divergence(RD-) is evident.
According to Elliott Wave theory, it seems that Bitcoin has completed its 5 impulse waves and we should expect another decline. Of course, there is still a possibility that the main wave 4 will be an Expanding Flat(ABC/3-3-5). But both scenarios can bring us a decline in Bitcoin price.
I expect Bitcoin will NOT be able to break the Heavy Resistance zone ($95,000-$88,500) before the CME Gap($92,525-$91,415) is filled, This is just my analysis of course, considering the above explanation. What do you think?
Cumulative Short Liquidation Leverage: $96,000-$95,095
Cumulative Long Liquidation Leverage: $93,350-$92,551
Cumulative Long Liquidation Leverage: $90,276-$89,160
Note: If Bitcoin goes over $96,100, we can expect more pumps.
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, and If you opened a short position, you can do RISK-FREE(Transfer Stop loss(SL) to Entry Point(EP)=Risk Free).Trade closed manually
Bitcoin analysis missed the Target with a tiny price difference =Risk Free was touched.
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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.