Bitcoin / TetherUS
Short
Updated

Bitcoin Roadmap => Short-term

4 050
Bitcoin(BTCUSDT) is moving above a Heavy Resistance zone($110,720-$105,820), Cumulative Short Liquidation Leverage($110,300-$111,177) and is approaching All-Time High(ATH).

Do you think Bitcoin will create a new All-Time High(ATH) in this rally?

In terms of Elliott Wave theory, Bitcoin's rise over the last two days appears to have been in the form of wave 5.

Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.

I expect Bitcoin to start declining in the coming hours. Targets are marked on the chart.

Cumulative Long Liquidation Leverage: $106,750-$106,202

Note: Stop Loss(SL)= $111,223

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Bitcoin Analyze (BTCUSDT), 1-hour time frame.

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Trade active
Trade was activated on Cumulative Short Liquidation Leverage($110,300-$111,177)
Trade closed: target reached
snapshot

First Target Done

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