Bitcoin(
BTCUSDT), just as I expected in the previous idea, started to decline and reached its full target.
Over the past 20 days, Bitcoin has been moving in a ranging pattern that seems to be forming into a triangle shape.
From an Elliott Wave perspective, this corrective structure also appears to be a triangle, with its wave E potentially completing around the Resistance zone($114,300-$113,000) and the Cumulative Short Liquidation Leverage($114,424-$112,000).
I expect that in the coming hours, Bitcoin can rise at least up to about $112,800. If the upward momentum is strong enough, we might even see it reach the upper lines of the triangle.
Cumulative Long Liquidation Leverage: $106,231-$104,648
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 2-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), just as I expected in the previous idea, started to decline and reached its full target.Over the past 20 days, Bitcoin has been moving in a ranging pattern that seems to be forming into a triangle shape.
From an Elliott Wave perspective, this corrective structure also appears to be a triangle, with its wave E potentially completing around the Resistance zone($114,300-$113,000) and the Cumulative Short Liquidation Leverage($114,424-$112,000).
I expect that in the coming hours, Bitcoin can rise at least up to about $112,800. If the upward momentum is strong enough, we might even see it reach the upper lines of the triangle.
Cumulative Long Liquidation Leverage: $106,231-$104,648
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 2-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.
تم فتح الصفقة
Trade was activatedأغلقت الصفقة: تم الوصول لوقف الخسارة
Stop Loss was touched for this analysis
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.