Bitcoin(
BTCUSDT) is currently trading near the Support zone($80,600_$79,000) and Potential Reversal Zone(PRZ)[$81,070-$80,450] and Support line.
Bitcoin appears to be completing the Bullish Gartley Harmonic Pattern.
Educational Note: The Bullish Gartley is a harmonic pattern that signals a potential reversal in an uptrend after a corrective move. It consists of five points (X-A-B-C-D) and follows specific Fibonacci retracements, with the D-point acting as a key buying zone.
Regarding Elliott wave theory, Bitcoin is completing the microwave B of the main wave Y.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise at least to Cumulative Short Liquidation Leverage[$83,959-$83,649]. If the Resistance zone($84,130_$81,500) is broken, we can expect further increases in Bitcoin.
Note: If Bitcoin breaks below the Support zone($80,600_$79,000), we can expect further declines.
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) is currently trading near the Support zone($80,600_$79,000) and Potential Reversal Zone(PRZ)[$81,070-$80,450] and Support line.Bitcoin appears to be completing the Bullish Gartley Harmonic Pattern.
Educational Note: The Bullish Gartley is a harmonic pattern that signals a potential reversal in an uptrend after a corrective move. It consists of five points (X-A-B-C-D) and follows specific Fibonacci retracements, with the D-point acting as a key buying zone.
Regarding Elliott wave theory, Bitcoin is completing the microwave B of the main wave Y.
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Bitcoin to rise at least to Cumulative Short Liquidation Leverage[$83,959-$83,649]. If the Resistance zone($84,130_$81,500) is broken, we can expect further increases in Bitcoin.
Note: If Bitcoin breaks below the Support zone($80,600_$79,000), we can expect further declines.
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 activatedTrade closed: target reached
The Target Done, as I expected.
Of course, this analysis achieved its Target with the help of the previous analysis titled "Inverse Head & Shoulders in Play – Bitcoin’s Bullish Setup!!!".
Note
Full 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.
👑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.