💎 BTC WEEKEND PLAN UPDATE (15/08)
BTC Analysis After PPI
Trading Highlights
After the PPI release, BTC completed its bullish wave and reached a peak of 123.2K, exactly at the 2.618 Fibonacci Extension level – a strong resistance zone that had been anticipated.
Afterward, the price sharply reversed, dropping to the 117K support area – aligning with the main uptrend line and the 0.236 Fibonacci retracement of the most recent bullish wave → this was where we successfully executed a bottom-picking buy.
Current Price Action
The price is now recovering from 117K toward the 120.7K – 121K resistance area (a confluence of the 0.618 Fibonacci retracement, a previous supply zone, and the H4 EMA).
The short-term trend remains a technical rebound after a sharp drop, with no confirmed sustained bullish reversal yet.
Scenarios & Next Trend
• Main Scenario: Price rebounds to 120.7K – 121K → faces selling pressure → sharply reverses downward following a corrective wave toward 116K – 115K (strong support).
• Alternative Scenario: If 121K is broken with high volume, BTC could revisit the 122.9K – 123.2K zone.
Key Levels
• Resistance: 120.7K – 121K / 122.9K – 123.2K
• Support: 117K / 116K – 115K”
BTC Analysis After PPI
Trading Highlights
After the PPI release, BTC completed its bullish wave and reached a peak of 123.2K, exactly at the 2.618 Fibonacci Extension level – a strong resistance zone that had been anticipated.
Afterward, the price sharply reversed, dropping to the 117K support area – aligning with the main uptrend line and the 0.236 Fibonacci retracement of the most recent bullish wave → this was where we successfully executed a bottom-picking buy.
Current Price Action
The price is now recovering from 117K toward the 120.7K – 121K resistance area (a confluence of the 0.618 Fibonacci retracement, a previous supply zone, and the H4 EMA).
The short-term trend remains a technical rebound after a sharp drop, with no confirmed sustained bullish reversal yet.
Scenarios & Next Trend
• Main Scenario: Price rebounds to 120.7K – 121K → faces selling pressure → sharply reverses downward following a corrective wave toward 116K – 115K (strong support).
• Alternative Scenario: If 121K is broken with high volume, BTC could revisit the 122.9K – 123.2K zone.
Key Levels
• Resistance: 120.7K – 121K / 122.9K – 123.2K
• Support: 117K / 116K – 115K”
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✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
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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.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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.