Bitcoin(
BTCUSDT) started to decline from the Potential Reversal Zone(PRZ)[$127,830-$124,000] as I expected in the previous idea.
Bitcoin currently appears to have managed to break the Support zone($116,900-$115,730) and is currently trading near the Support zone($114,720-$113,570), 50_EMA(Daily), Monthly Pivot Point, and Cumulative Long Liquidation Leverage($114,300-$113,841).
In terms of Elliott Wave theory, it appears that Bitcoin is completing microwave 4 of the main wave 3 (probably), and we should expect a re-attack on the Support zone($114,720-$113,570) in the coming hours.
I expect Bitcoin to attack the Support zone($114,720-$113,570) at least once more after completing the pullback to the Support zone($116,900-$115,730) from Cumulative Short Liquidation Leverage($116,411-$115,760) and if it breaks, we should expect a drop to the Heavy Support zone($111,980-$105,820).
Cumulative Short Liquidation Leverage: $120,115-$118,751
Note: Stop Loss(SL): $117,320
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) started to decline from the Potential Reversal Zone(PRZ)[$127,830-$124,000] as I expected in the previous idea.Bitcoin currently appears to have managed to break the Support zone($116,900-$115,730) and is currently trading near the Support zone($114,720-$113,570), 50_EMA(Daily), Monthly Pivot Point, and Cumulative Long Liquidation Leverage($114,300-$113,841).
In terms of Elliott Wave theory, it appears that Bitcoin is completing microwave 4 of the main wave 3 (probably), and we should expect a re-attack on the Support zone($114,720-$113,570) in the coming hours.
I expect Bitcoin to attack the Support zone($114,720-$113,570) at least once more after completing the pullback to the Support zone($116,900-$115,730) from Cumulative Short Liquidation Leverage($116,411-$115,760) and if it breaks, we should expect a drop to the Heavy Support zone($111,980-$105,820).
Cumulative Short Liquidation Leverage: $120,115-$118,751
Note: Stop Loss(SL): $117,320
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 in Cumulative Short Liquidation Leverage($116,411-$115,760)Trade closed: target reached
First Target Done
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Disclaimer
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🎁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.