Bitcoin Analysis==>>First Attack Will Fail!?

Nov 13, 2024

Bitcoin(BTCUSDT) is moving near thePotential Reversal Zone(PRZ)[$95,000-$91,880] and Important Resistance lines.

I don't expect Bitcoin to be able to break the important resistance lines in the first attack. What do you think!?

Bitcoin managed to form a New All-Time High again today.

According to the Elliott wave theory, Bitcoin seems to be completing the main wave 3 or even main wave 5 in the 1-hour time frame, which can end in a Potential Reversal Zone(PRZ)[$95,000-$91,880].

I expect Bitcoin to drop to Cumulative Long Liquidation Leverage and then to $88,000 in the coming hours.

Fear and Greed Index is Extreme Greed (84-87).

For a better understanding, I suggest you look at the analysis below in the weekly time frame.👇

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

🔔Be sure to follow the updated ideas.🔔

Do not forget to put 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.

Nov 13, 2024

Trade active

Trade was activated when BTC touched Resistance lines.

Nov 14, 2024

Trade closed: target reached

I closed my Short Position, and even you can find others according to the below analysis:

Nov 14, 2024

Note

First Target Done

Nov 14, 2024

Note

Second Target Done