Bitcoin(
BTCUSDT) increased to $113,500 as I expected in my previous idea.
Do you think Bitcoin can fill the upper CME Gap($117,235-$113,800)!?
Bitcoin is currently moving near the Resistance zone($114,720-$113,580), Cumulative Short Liquidation Leverage($115,000-$113,588), Resistance lines, and Monthly Pivot Point.
In terms of Elliott Wave theory, Bitcoin’s movement over the past 2 days has been in the form of corrective waves and has had low momentum. The corrective wave structure is a Double Three Correction(WXY).
From a Classic Technical Analysis perspective, Bitcoin appears to be completing a Rising Wedge pattern.
I expect Bitcoin to move towards Cumulative Long Liquidation Leverage($109,500-$108,000) after volatile movements over the next two days.
CME Gap: $112,870-$112,700
CME Gap: $112,155-$111,940
Stop Loss(SL): $115,510(Worst)
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) increased to $113,500 as I expected in my previous idea.Do you think Bitcoin can fill the upper CME Gap($117,235-$113,800)!?
Bitcoin is currently moving near the Resistance zone($114,720-$113,580), Cumulative Short Liquidation Leverage($115,000-$113,588), Resistance lines, and Monthly Pivot Point.
In terms of Elliott Wave theory, Bitcoin’s movement over the past 2 days has been in the form of corrective waves and has had low momentum. The corrective wave structure is a Double Three Correction(WXY).
From a Classic Technical Analysis perspective, Bitcoin appears to be completing a Rising Wedge pattern.
I expect Bitcoin to move towards Cumulative Long Liquidation Leverage($109,500-$108,000) after volatile movements over the next two days.
CME Gap: $112,870-$112,700
CME Gap: $112,155-$111,940
Stop Loss(SL): $115,510(Worst)
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.
Order cancelled
I am canceling this analysis because I did not find a trigger to short Bitcoin. However, the analysis hit the target.
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🎁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% 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.