Bitcoin(
BTCUSDT) managed to form a new All-Time High(ATH) in the previous one-hour candles.
Do you think Bitcoin can create a new ATH in the coming hours?
Bitcoin is currently trying to break the Heavy Resistance zone($110,720-$105,820). It has also penetrated the Potential Reversal Zone(PRZ)[$114,240-$112,380] and Cumulative Short Liquidation Leverage($114,910-$113,850).
In terms of Elliott wave theory, it seems that the 5 impulsive waves that Bitcoin started in the last 3 days can be completed above the ascending channel and PRZ.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least Cumulative Long Liquidation Leverage($111,563-$110,947). At least the price zone Bitcoin is in at the time of publishing this analysis is better for short positions, even if the Stop Loss(SL) is touched.
Note: Stop Loss(SL)= $115,023
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) managed to form a new All-Time High(ATH) in the previous one-hour candles.Do you think Bitcoin can create a new ATH in the coming hours?
Bitcoin is currently trying to break the Heavy Resistance zone($110,720-$105,820). It has also penetrated the Potential Reversal Zone(PRZ)[$114,240-$112,380] and Cumulative Short Liquidation Leverage($114,910-$113,850).
In terms of Elliott wave theory, it seems that the 5 impulsive waves that Bitcoin started in the last 3 days can be completed above the ascending channel and PRZ.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least Cumulative Long Liquidation Leverage($111,563-$110,947). At least the price zone Bitcoin is in at the time of publishing this analysis is better for short positions, even if the Stop Loss(SL) is touched.
Note: Stop Loss(SL)= $115,023
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
New update regarding CME Gap and new Cumulative Short Liquidation Leverage/Cumulative Long Liquidation Leverage
Note
🔵CME Gap: $115,635 _ $114,060🟢Cumulative Long Liquidation Leverage: $112,572_ $110,915
🟢Cumulative Long Liquidation Leverage: $115,223 _ $114,359
🔴Cumulative Short Liquidation Leverage: $120,000 _ $118,979
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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.