Bitcoin(
BTCUSDT) has finally continued its downward trend, as I expected in my previous idea.
Do you think this downward trend will continue or not?
Bitcoin has now managed to break the Support zone($104,180-$103,670) and the lower line of the Ascending Broadening Wedge Pattern.
In terms of Elliott Wave theory, Bitcoin appears to be completing microwave C of the main wave Y of the Double Three Correction(WXY).
I expect Bitcoin to continue to decline to the Support zone($102,000-$107,120) and the Potential Reversal Zone(PRZ)[$102,000-$101,430] and then start to rise again.
I choose to label this idea as ''Long''.
Note: If Bitcoin falls below $100,200, we should expect further declines.
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 finally continued its downward trend, as I expected in my previous idea. Do you think this downward trend will continue or not?
Bitcoin has now managed to break the Support zone($104,180-$103,670) and the lower line of the Ascending Broadening Wedge Pattern.
In terms of Elliott Wave theory, Bitcoin appears to be completing microwave C of the main wave Y of the Double Three Correction(WXY).
I expect Bitcoin to continue to decline to the Support zone($102,000-$107,120) and the Potential Reversal Zone(PRZ)[$102,000-$101,430] and then start to rise again.
I choose to label this idea as ''Long''.
Note: If Bitcoin falls below $100,200, we should expect further declines.
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
The short position hit the target, and the long position is currently in progress.The long position was activated in the Potential Reversal Zone(PRZ)[$102,000-$101,430].
Trade closed: target reached
Long position = Target Done
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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.