Bitcoin(
BTCUSDT) started to rise from the Support zone($84,120_$81,500) as I expected in the previous post. The question is, can Bitcoin break the Heavy Resistance zone($93,300_$89,200) and Resistance lines?
Please stay with me.
Bitcoin appears to have broken through the Resistance zone($87,100_$85,800) and is preparing for its first attack on the Heavy Resistance zone($93,300_$89,200).
In terms of waves, Bitcoin appears to be completing microwave 4 of microwave C of the main wave Y. The waves structure inside the Ascending Channel appears to be of the Double Three Correction(WXY).
I expect Bitcoin to prepare for its first attack on the Heavy Resistance zone($93,300_$89,200), the upper line of the ascending channel, the monthly pivot point, 50_SMA(Daily), and the Resistance lines after completing the pullback to the Resistance zone($87,100_$85,800) and fill first CME Gap($86,640_$86,520). I think the Potential Reversal Zone(PRZ)[$90,200_$88,400] could be the zone to start a new decline for Bitcoin.
I chose the label of this analysis ''SHORT'' because I think Bitcoin is in a bit of a risky zone for a LONG position, what do you think?
Note: If Bitcoin goes over $91,000, we can expect more pumps.
Note: If Bitcoin falls below $85,200 before hitting the Heavy Resistance zone($93,300_$89,200), we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-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) started to rise from the Support zone($84,120_$81,500) as I expected in the previous post. The question is, can Bitcoin break the Heavy Resistance zone($93,300_$89,200) and Resistance lines?Please stay with me.
Bitcoin appears to have broken through the Resistance zone($87,100_$85,800) and is preparing for its first attack on the Heavy Resistance zone($93,300_$89,200).
In terms of waves, Bitcoin appears to be completing microwave 4 of microwave C of the main wave Y. The waves structure inside the Ascending Channel appears to be of the Double Three Correction(WXY).
I expect Bitcoin to prepare for its first attack on the Heavy Resistance zone($93,300_$89,200), the upper line of the ascending channel, the monthly pivot point, 50_SMA(Daily), and the Resistance lines after completing the pullback to the Resistance zone($87,100_$85,800) and fill first CME Gap($86,640_$86,520). I think the Potential Reversal Zone(PRZ)[$90,200_$88,400] could be the zone to start a new decline for Bitcoin.
I chose the label of this analysis ''SHORT'' because I think Bitcoin is in a bit of a risky zone for a LONG position, what do you think?
Note: If Bitcoin goes over $91,000, we can expect more pumps.
Note: If Bitcoin falls below $85,200 before hitting the Heavy Resistance zone($93,300_$89,200), we can expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 2-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
Potential Reversal Zone(PRZ)[$90,200_$88,400] worked well, and I opened a short position when BTC was entered into PRZ. now, I am in a long position.Trade closed: target reached
I closed the Long PositionTarget Done.
This analysis was almost successful in three Bitcoin moves.
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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.
🎁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.