Today's analysis is on the 15-minute timeframe, following the previous analysis I shared with you on the 1-hour timeframe.
Bitcoin(
BTCUSDT) is currently trading in the Resistance zone($120,100-$118,240) near the Potential Reversal Zone(PRZ)[$120,530-$119,890] and Cumulative Short Liquidation Leverage($121,490-$119,965).
From a technical perspective, it looks like Bitcoin is completing the Bearish Shark Harmonic Pattern on the 15-minute timeframe.
From an Elliott wave theory perspective, it looks like Bitcoin is completing the microwave 5 of wave C of the Zigzag Correction(ABC/5-3-5).
I expect Bitcoin to start falling from the top of the ascending channel and at least decline to the lower line of the descending channel, and if the ascending channel breaks this time, we should wait for the CME Gap($117,255-$116,675)/CME Gap($115,060-$114,947) to fill.
Cumulative Long Liquidation Leverage: $117,556-$116,465
Cumulative Long Liquidation Leverage: $115,773-$114,513
Do you think Bitcoin can create a new ATH again?
Note: Stop Loss(SL)= $121,620
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Bitcoin(
BTCUSDT) is currently trading in the Resistance zone($120,100-$118,240) near the Potential Reversal Zone(PRZ)[$120,530-$119,890] and Cumulative Short Liquidation Leverage($121,490-$119,965).From a technical perspective, it looks like Bitcoin is completing the Bearish Shark Harmonic Pattern on the 15-minute timeframe.
From an Elliott wave theory perspective, it looks like Bitcoin is completing the microwave 5 of wave C of the Zigzag Correction(ABC/5-3-5).
I expect Bitcoin to start falling from the top of the ascending channel and at least decline to the lower line of the descending channel, and if the ascending channel breaks this time, we should wait for the CME Gap($117,255-$116,675)/CME Gap($115,060-$114,947) to fill.
Cumulative Long Liquidation Leverage: $117,556-$116,465
Cumulative Long Liquidation Leverage: $115,773-$114,513
Do you think Bitcoin can create a new ATH again?
Note: Stop Loss(SL)= $121,620
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute 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
Trade was activated Note
GENIUS stablecoin bill clears House and heads to Trump's desk
🎁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.
🎁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.