Bitcoin started to rise above the Support line after the Consumer Price Index (CPI) announcement.
Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line.
According to the Elliott wave theory, Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140).
I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation).
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
Currently, Bitcoin has managed to go above the Support zone($69,340_$69,000) and 100_SMA(4-hour TF) again and break the Resistance line.
According to the Elliott wave theory, Bitcoin seems to have succeeded in completing wave 4, and we should wait for Bitcoin to attack the Resistance zone($70,890_$70,140).
I expect Bitcoin to go up to at least $70,600(Cumulative Short Positions Liquidation).
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
Note
If Bitcoin touches $67,880, the scenario will change.Order cancelled
Note
If you see a short trigger, you can enter.
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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.