Bitcoin(
BTCUSDT) managed to pump as I expected yesterday, of course, the main catalyst could have been the ceasefire announcement between Iran and Israel, which had a major impact on high and medium risk assets in the financial markets.
Bitcoin is once again moving near the Heavy Resistance zone($110,720-$105,820) and the Resistance zone($107,520-$106,100) after breaking the Resistance lines.
In terms of Elliott Wave theory, it seems that given Bitcoin’s bullish momentum, Bitcoin has completed the main wave 3 and is currently completing the main wave 4 on the 1-hour time frame. The corrective wave structure of wave 4 could be a Double Three Correction(WXY).
I expect Bitcoin to start rising again near the Support zone($104,380-$103,060), 50_SMA(Daily), Support lines, and Cumulative Long Liquidation Leverage($104,412-$103,812) to rise at least to the Potential Reversal Zone(PRZ)[$108,140-$106,950] and Resistance lines.
Note: Stop Loss(SL)= $102,600 = We can expect more dumps.
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) managed to pump as I expected yesterday, of course, the main catalyst could have been the ceasefire announcement between Iran and Israel, which had a major impact on high and medium risk assets in the financial markets.Bitcoin is once again moving near the Heavy Resistance zone($110,720-$105,820) and the Resistance zone($107,520-$106,100) after breaking the Resistance lines.
In terms of Elliott Wave theory, it seems that given Bitcoin’s bullish momentum, Bitcoin has completed the main wave 3 and is currently completing the main wave 4 on the 1-hour time frame. The corrective wave structure of wave 4 could be a Double Three Correction(WXY).
I expect Bitcoin to start rising again near the Support zone($104,380-$103,060), 50_SMA(Daily), Support lines, and Cumulative Long Liquidation Leverage($104,412-$103,812) to rise at least to the Potential Reversal Zone(PRZ)[$108,140-$106,950] and Resistance lines.
Note: Stop Loss(SL)= $102,600 = We can expect more dumps.
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.
עסקה פעילה
Long Position was activated
עסקה סגורה: היעד הושג
Target Done
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.