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.
Transaction en cours
Trade was activatedTrade fermée: ordre d’arrêt atteint
Stop Loss was touched for this analysis
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.