Bitcoin(
BTCUSDT) has reached the Potential Reversal Zone(PRZ)[$108,140-$106,950] as I expected in yesterday's post.
Bitcoin is trading in the Heavy Resistance zone($110,720-$105,820), Potential Reversal Zone(PRZ)[$108,140-$106,950], and near the Resistance lines.
In terms of Elliott Wave theory, it seems that Bitcoin has managed to complete the main wave 5 with the help of the Ending Diagonal. The structure of wave 5 can be different.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least $105,400.
Cumulative Short Liquidation Leverage: $107,334-$108,250
Cumulative Long Liquidation Leverage: $105,037-$103,392
Note: We could be in for a bit of excitement in the financial markets during Federal Reserve Chairman Powell's speech.
Note: Stop Loss(SL)= $109,020 = We can expect more pumps.
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) has reached the Potential Reversal Zone(PRZ)[$108,140-$106,950] as I expected in yesterday's post.Bitcoin is trading in the Heavy Resistance zone($110,720-$105,820), Potential Reversal Zone(PRZ)[$108,140-$106,950], and near the Resistance lines.
In terms of Elliott Wave theory, it seems that Bitcoin has managed to complete the main wave 5 with the help of the Ending Diagonal. The structure of wave 5 can be different.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least $105,400.
Cumulative Short Liquidation Leverage: $107,334-$108,250
Cumulative Long Liquidation Leverage: $105,037-$103,392
Note: We could be in for a bit of excitement in the financial markets during Federal Reserve Chairman Powell's speech.
Note: Stop Loss(SL)= $109,020 = We can expect more pumps.
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
Note
I transferred the Stop Loss(SL) to the Entry Point(EP).Note
Probably if BTC touches $108,200 it will be able to break the Resistance lines this time = More pumpsThe first sign could be Bitcoin breaking through $107,820.
My short position is still open.
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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.