BTC Eyes $105,119 Support Before Targeting $112,000FenzoFx—Bitcoin is trading just below the previous monthly high at $109,110.0, while the Stochastic remains overbought for the third consecutive day, signaling short-term overheating.
Although the broader trend is bullish, a pullback toward the anchored VWAP at $105,119.0 is expected. This level may offer a low-risk reentry, with a potential move toward the all-time high at $112,000.0.
Bitcoinsignal
Bitcoin Breakdown? Support Zone & CME Gap in FocusBitcoin ( BINANCE:BTCUSDT ), as anticipated in my previous analysis , attacked the Resistance lines and then resumed its decline. In previous analysis, both Long and Short positions could have been profitable .
Bitcoin is approaching a Support zone($106,800-$105,820) and the CME gap($106,645-$106,295) .
From an Elliott Wave theory perspective , it appears that Bitcoin has finally completed a five-wave impulsive move with the help of an Expanding Ending Diagonal .
I expect Bitcoin to attack the Support zone($106,800-$105,820) after breaking the lower line of the Expanding Ending Diagonal .
Note: To break through the Support zone($106,800-$105,820), Bitcoin may potentially use either a Head and Shoulders pattern or a Bearish Quasimodo formation.
Note: If Bitcoin breaks the Resistance lines, we can expect more pumps.
Cumulative Long Liquidation Leverage: $106,249-$105,094
Cumulative Short Liquidation Leverage: $109,483-$108,790
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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Bitcoin Eyes $110K Target Above Key Support LevelBitcoin trades slightly below last week’s high near $107,660.0, while RSI 14 shows bearish divergence without a clear downward move.
Immediate support is at $107,230.0, and resistance at $108,550.0. If BTC closes above resistance, a rally toward $110,651.0 may follow. The bullish outlook remains valid as long as the price stays above $104,681.0.
Bitcoin Approaches PRZ – Will the Falling Wedge Break ?Bitcoin ( BINANCE:BTCUSDT ) failed to break through the Support zone($106,800-$105,820) after attacking it five times , and started to rise again.
Bitcoin is currently moving near the Resistance zone($109,220-$108,280) , Cumulative Short Liquidation Leverage($108,800-$108,085) , Potential Reversal Zone(PRZ) , and Resistance lines .
From a Classical Technical Analysis perspective , Bitcoin's movements over the past two days seem to have formed a Falling Wedge Pattern .
From an Elliott Wave theory perspective , Bitcoin appears to have completed the main wave 4 within the Falling Wedge Pattern. The structure of the main wave 4 was a Double Three Correction(WXY) .
I expect Bitcoin to attack the Resistance lines after breaking the upper line of the Falling Wedge Pattern . If Bitcoin fails to break the Resistance lines before the global markets close , we can expect Bitcoin to fall again. Because entering Saturday and Sunday , the trading volume is generally low , and I think Bitcoin needs a lot of volume to break the resistances .
Do you agree with me?
CME Gap: $106,645-$106,295
Cumulative Long Liquidation Leverage: $106,055-$105,430
Note: If Bitcoin manages to break the Support zone($106,800-$105,820), we should expect further declines.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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Bitcoin Reaches PRZ with Bearish Signals — Is a Drop Imminent?Bitcoin ( BINANCE:BTCUSDT ) has reached the Potential Reversal Zone(PRZ) as I expected in yesterday's post .
Bitcoin is trading in the Heavy Resistance zone($110,720-$105,820) , Potential Reversal Zone(PRZ) , and near the Resistance lines .
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave 5 with the help of the Ending Diagonal . The structure of wave 5 can be different.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Bitcoin to drop to at least $105,400 .
Cumulative Short Liquidation Leverage: $107,334-$108,250
Cumulative Long Liquidation Leverage: $105,037-$103,392
Note: We could be in for a bit of excitement in the financial markets during Federal Reserve Chairman Powell's speech.
Note: Stop Loss(SL)= $109,020 = We can expect more pumps.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
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Bitcoin Climbs Above $107K with Overbought Signals in PlayBitcoin closed above the 107,792 resistance after breaking the previous day's high. RSI and Stochastic indicators show overbought conditions, signaling short-term overpricing.
BTC may test the $109,000.00 resistance next, followed by a potential pullback toward $104,618.00, offering a favorable entry point for bulls.
Bitcoin Roadmap: Key Levels to WatchBitcoin( BINANCE: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) and Resistance lines .
Note: Stop Loss(SL)= $102,600 = We can expect more dumps.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
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Bitcoin Rebounds Above $105K After Liquidity SweepFenzoFx—Bitcoin swept liquidity below $100,703.0 and rebounded to around $105,400.0, just above the volume profile point of interest.
Immediate resistance lies at $106,135.0. A break above this level could lead to a retest of $107,702.0. However, if resistance holds, BTC may consolidate toward $102,662.0, supported by Stochastic overbought signals.
Bitcoin Breakout Incoming? Flash PMI & CME Gap in FocusBitcoin ( BINANCE:BTCUSDT ) started to fall ( about -4%) after the news that the US was involved in the Middle East tension , but it has risen again with good momentum .
Do you think Bitcoin will go below the previous bottom($98,200) again on the 1-hour time frame?
Bitcoin is trading in the Resistance zonezone($102,130-$100,700) and near the Resistance lines .
In terms of Elliott Wave theory , it appears that a Double Three Correction(WXY) has been completed near the Potential Reversal Zone(PRZ) . Also, the first 5 microwaves of the Impulsive have now been completed .
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Bitcoin traders should monitor today’s Flash Manufacturing (expected 51.1) and Services PMI (expected 52.9) . Both forecasts are already lower than last month’s figures (51.3 and 54.8) , but I see a chance they come in even weaker.
Why weaker PMI is likely?
Slowing retail sales and softer labor data point to reduced consumer demand.
High interest rates are starting to pressure both the production and services sectors.
Regional Fed surveys already showed a cooling in business activity.
If the PMI prints below expectations, the market may anticipate a more dovish Fed, pushing the dollar( TVC:DXY ) down and giving Bitcoin a potential bullish boost.
---------------------------------
I expect Bitcoin to move towards filling the CME Gap($103,730-$102,275) after breaking the Resistance lines , and if the Resistance zone($104,380-$103,060) is broken, we should expect further increases.
Cumulative Short Liquidation Leverage: $103,391-$103,934
Cumulative Long Liquidation Leverage: $100,800-$100,250
Cumulative Long Liquidation Leverage: $97,691-$97,241
Note: Increased tensions in the Middle East or new and important news surrounding this news can make the analysis invalid, so be more careful with capital management.
Note: If Bitcoin can touch $98,170 , we can expect more dumps.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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Bitcoin Hits PRZ — Is This the Perfect Short Entry?Bitcoin ( BINANCE:BTCUSDT ) has entered the Potential Reversal Zone (PRZ) after a strong bullish impulse , testing the confluence of Daily Resistance(3) .
In terms of Elliott Wave analysis , the market seems to have completed a complex WXY corrective structure , with the recent rally likely representing the final wave Y . This makes the current zone highly reactive for potential reversal .
I expect Bitcoin to retrace toward the CME Gap($105,075-$105,055) and possibly continue downward toward the Support zone($104,380-$103,060) and Cumulative Long Liquidation levels if the sellers regain momentum .
Cumulative Short Liquidation Leverage: $107,568-$106,601
Cumulative Long Liquidation Leverage: $105,360-$104,784
Cumulative Long Liquidation Leverage: $103,937-$103,217
Note: It is better to look for short positions at the Potential Reversal Zone (PRZ) or if Bitcoin touches $104,780 before reaching PRZ. That is why I chose to label this analysis as ''Short".
Note: If Bitcoin can touch $107,620 , there is a possibility of breaking the resistance lines and increasing further.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
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BTC - Key Battle Between Bulls and Bears – Symmetrical TriangleBitcoin ( BINANCE:BTCUSDT ) is currently consolidating within a Symmetrical Triangle , showing indecision among Bulls and Bears around the Support zone($104,380-$103,060) and just above the 50_SMA (Daily) .
From an Elliott Wave perspective, the current range may represent a WXY corrective structure . The market seems to be waiting for a breakout direction , potentially aiming to complete wave 5 after this correction.
The Monthly Pivot Point($103,300) and the presence of significant Cumulative Liquidation Leverage Zones (both Long and Short ) are key liquidity magnets to watch in the short term .
I expect Bitcoin to re-attack the Support zone($104,380-$103,060) AFTER breaking the lower line of the Symmetrical Triangle Pattern and decline to the targets I have outlined on the chart.
Note: Stop Loss: $106,703 = Worst Stop Loss(SL)
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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).
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BTC Approaching Key Confluence Zone: Pivot + PRZ + LiquidationsBitcoin ( BINANCE:BTCUSDT ) appears to have broken the Support lines and is currently declining .
In terms of Elliott Wave theory , Bitcoin appears to be completing a corrective wave C . The corrective wave structure is a Zigzag Correction(ABC/5-3-5) .
I expect Bitcoin to start rising again from the Support zone($104,380-$103,660) , Potential Reversal Zone(PRZ) , Cumulative Long Liquidation Leverage($104,471-$103,124) , Monthly Pivot Point , Support line , and 50_SMA(Daily) , and the small CME Gap($106,190-$106,150) will also fill.
Note: Stop Loss: $102,520
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
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Geopolitical Tensions & Technical Pattern Point to BTC Decline!Bitcoin ( BINANCE:BTCUSDT ) fell about -5% after tensions between Israel and Iran escalated. Unfortunately , these tensions are still escalating, but Bitcoin has managed to recover about +3% so far.
Bitcoin is moving near the Resistance zone($107,120-$105,330) and Cumulative Short Liquidation Leverage .
In terms of Elliott Wave theory , it seems that Bitcoin is completing a corrective wave . The corrective wave structure could be Contracting Triangle . In case of a sharp decline in Bitcoin again, we can consider these waves as five descending waves (if Bitcoin does NOT touch $106,600 ).
I expect Bitcoin to start declining again and at least drop to the Support zone($107,120-$105,330 ). The second Target could be the Support line and Cumulative Long Liquidation Leverage .
Note: If Bitcoin can break the Resistance zone($107,120-$105,330), we can expect further increases in Bitcoin.
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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).
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Bitcoin Near Breakout – CPI Miss Could Be the Catalyst?Just Released: Key U.S. Inflation Data:
Core CPI m/m: 0.1% (vs. 0.3% forecast)
CPI m/m: 0.1% (vs. 0.2% forecast)
CPI y/y: 2.4% (vs. 2.5% forecast)
Market Reaction & Outlook:
The softer-than-expected inflation figures suggest easing price pressures in the U.S. economy — a potential bullish signal for risk assets, such as Bitcoin ( BINANCE:BTCUSDT ).
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Now let's take a look at the Bitcoin chart on the 1-hour time frame .
Bitcoin is trading in the upper part of a Heavy Resistance zone($104,380-$103,670) and is trying to break through this zone. The announcement of US indexes could be a trigger for a breakout of this zone .
In terms of Elliott Wave theory , Bitcoin appears to be completing microwave 4 of the main wave 3 . The structure of microwave 4 is a Double Three Correction(WXY) .
I expect Bitcoin to start rising from the Potential Reversal Zone(PRZ) and near the Support line again and rise to at least $110,670 and if the Heavy Resistance zone($104,380-$103,670) is broken we should expect new ATHs in the coming days .
Cumulative Long Liquidation Leverage: $108,791-$107,887
Cumulative Long Liquidation Leverage: $106,840-$105,457
Cumulative Short Liquidation Leverage: $111,381-$110,568
Note: If Bitcoin falls below $105,700(Worst Stop Loss(SL)), we should expect further declines.
If you want to know my weekly analysis about BTC , I suggest you check out the following idea:
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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).
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Bitcoin’s Final Wave & Time Reversal Zone _ New ATH Loading?Today, I want to analyze Bitcoin ( BINANCE:BTCUSDT ) on the weekly time frame and answer these questions :
Can Bitcoin create a new All-time High(ATH) or not!?
At what price range can Bitcoin's uptrend end!?
When can we expect the uptrend to end!?
Please stay with me.
Bitcoin appears to have managed to break the Resistance lines , although we saw a fake break a few months ago , and it also appears to have a Hammer Candlestick Pattern in the previous weekly candle , which could signal the completion of Bitcoin's pullback to the Resistance lines(broken).
In terms of time , if we want to analyze the Bitcoin chart and look at Bitcoin's past, in general, the months of June(Average=-0.13%/Median=+2.20%) and especially July(Average=+7.56%/Median=+8.90%) have been among the most productive months for Bitcoin , and the months of August(Average=+1.75%/Median=-8.04%) and September(Average=-3.77%/Median=-4.35%) were the months when Bitcoin had a correction . Technical analysis tools show the end of the upward trend and the beginning of Bitcoin's correction at the Time Reversal Zone(TRZ=June 23 to August 4) .
In terms of Elliott Wave theory , Bitcoin appears to be completing the main wave 5 , as the main wave 3 was extended .
I expect Bitcoin to trend higher(+10%) in the coming weeks and create a new ATH . New ATH could be created in the Potential Reversal Zone(PRZ) and TRZ , and then we can wait for the start of the main correction .
What do you think about Bitcoin’s future movement? Can Bitcoin create a new ATH? When and at what price?
Note: If Bitcoin falls below $100,000, we should expect further declines.
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Bitcoin Analyze (BTCUSDT), weekly time frame.
Be sure to follow the updated ideas.
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Bitcoin’s Reversal from Supports — Is the Correction Over? Bitcoin ( BINANCE:BTCUSDT ) moved as I expected in the previous idea , and it also reversed the decline I intended and started to rise from the Support zone($102,000-$107,120) , Support lines , and 50_SMA(Daily) .
Bitcoin is trading near the Resistance zone($104,380-$103,670) , Cumulative Short Liquidation Leverage($105,500-$105,265) , and Resistance lines .
In terms of Elliott Wave theory , it seems that Bitcoin has managed to complete the main wave Y . The main corrective structure was the Double Three Correction(WXY) . If the Resistance lines are broken , we can confirm the end of the main wave Y .
I expect Bitcoin to start rising after a re-correction from Cumulative Long Liquidations Leverage and reach the targets I have specified on the chart.
Cumulative Long Liquidation Leverage: $102,883-$102,181
Cumulative Long Liquidation Leverage: $101,318-$100,748
Note: If Bitcoin falls below $100,200(Worst Stop Loss(SL)), we should expect further declines.
Note: $105,500 is an important price for Bitcoin, and if Bitcoin can close the 4-hour candle above it, we can expect a break of the Heavy Resistance zone($104,380-$103,670)
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).
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Bitcoin’s Rally Fades Below Resistances — Bearish Wave Setup!Bitcoin ( BINANCE:BTCUSDT ) started to fall as I expected in the previous idea , but failed to break the Heavy Resistance zone($110,000-$105,820) .
Bitcoin is trading near the Resistance zone($107,520-$105,940) , Cumulative Short Liquidation Leverage($106,720-$105,948) , and the Resistance lines .
From the perspective of Elliott Wave theory , Bitcoin appears to have completed a main wave 4 near the Resistance lines. The structure of the main wave 4 was a Double Three Correction(WXY) . One of the signs of the completion of the main wave 4 could be the Evening Star Candlestick Pattern .
I expect Bitcoin to decline to at least Cumulative Long Liquidation Leverage($103,666-$102,800) AFTER breaking the Support line , and the next target is the Support zone($102,000-$107,120) .
Note: Rising tensions between Russia and Ukraine could help drive down Bitcoin.
Note: If Bitcoin touches $107,600, we can expect more pumps.
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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).
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Bitcoin Bounce on Trump Tariff Delay – Short Setup Still Valid!Bitcoin ( BINANCE:BTCUSDT ) started to fall as I expected in the previous idea , and declined near the Support lines .
Bitcoin started pumping after the news that " US President Trump agreed to postpone 50% EU tariffs until July 9th ." Do you think this pumping of Bitcoin will continue?
Bitcoin is trading in a Heavy Resistance zone($110,000-$105,800) near the Potential Reversal Zone(PRZ) .
From the Elliott Wave theory perspective , Bitcoin appears to be in corrective waves , which is why I am labeling this idea as a ''Short''. The corrective waves structure is of the Expanding Flat(ABC/3-3-5) type.
I expect Bitcoin to attack the Support lines once again, and if these lines are broken, it will decline to the Targets I have indicated on the chart.
Notes :
MicroStrategy bought another 4,020 Bitcoins, but it didn't have much of an impact on the market.
If the Bitcoin price falls back below $109,000, about $185 million in long Bitcoin positions will be liquidated . = Attractive for exchanges
Bitcoin 2025 Conference to be Held in Las Vegas, Tuesday-Thursday = Could Cause Market Excitement .
Note: If Bitcoin touches $112,080, we should expect more pumping.
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.
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Bitcoin Be Setting Bull Trap?_Breakout Without High VolumeBitcoin ( BINANCE:BTCUSDT ) started to fall yesterday after forming a new All-Time High(ATH) with high volume , but started to rise again. One of the reasons for Bitcoin’s sudden drop yesterday was the sharp drop in the S&P 500 ( SP:SPX ) index .
First of all, I must say that Bitcoin’s situation is a bit complicated and difficult to analyze , so pay more attention to money management. Be prepared for any scenario.
Bitcoin is trading above the Resistance zone($109,588-$105,820) and near the Resistance lines and Cumulative Short Liquidation Leverage($113,020-$111,833) . What is worrying is that the break of the Resistance zone($109,588-$105,820) was NOT accompanied by high volume , suggesting a bull trap is possible .
I see a correction to at least Cumulative Long Liquidation Leverage($109,972-$108,609) given the low breakout volume for Bitcoin and the large sell orders in the upper prices for Bitcoin .
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Today, the Flash PMI data from the U.S . came in stronger than expected:
Flash Manufacturing PMI: 52.3 (vs. forecast 49.9, previous 50.2)
Flash Services PMI: 52.3 (vs. forecast 51.0, previous 50.8)
Analysis :
Both numbers exceeded expectations, signaling stronger economic activity in the U.S. This is bullish for the USD( TVC:DXY ) and could put short-term downward pressure on Bitcoin, as it lowers the chances of near-term Fed rate cuts.
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Do you think Bitcoin is completing a Bull Trap or should we expect Bitcoin to increase further?
Note: If Bitcoin breaks above $114,500 with high momentum, we can expect Bitcoin to rise to near $119,000.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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Do not forget to put a Stop loss for your positions (For every position you want to open).
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Bitcoin’s Pump to NEW ATH($109,845) Ends in High-Volume ReversalBitcoin ( BINANCE:BTCUSDT ) moved towards the targets as I expected in my previous idea , although it faced pump and dump moves in reaching the targets .
Bitcoin managed to create a new New All-Time High(ATH=$109,845) but immediately began to decline on high volume .
Bitcoin is trading in the Resistance zone($109,588-$105,860) and near the Resistance lines , Monthly Resistance(2) .
In terms of Elliott Wave theory , Bitcoin was able to complete main wave 5 .
I expect Bitcoin to fall to at least $102,200 AFTER breaking the Support zone($105,100-$104,140) , and the possibility of further declines is very high .
Also, on the 1-hour timeframe of the USDT.D% ( CRYPTOCAP:USDT.D ) chart, a bullish and regressive Falling Wedge pattern is visible , with its upper line broken.
Do you think Bitcoin can finally create a NEW All-Time High(ATH) Again!?
Note: If Bitcoin touches $110,100, we should expect a pump.
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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).
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Bitcoin vs Resistance Zones | Fake Breakdown Below the Channel!Bitcoin ( BINANCE:BTCUSDT ) has been moving up and down with high momentum over the past 24 hours and finally fell below the lower line of the ascending channel . Is this break of the lower line of the ascending channel valid?
Bitcoin is trading near the Resistance zone($105,100-$104,140) , Cumulative Short Liquidation Leverage($104,478-$103,941) . Since the volume of breaking of the lower line of the ascending channel is NOT high, the probability of a fake break is very high (in my opinion).
In terms of Elliott Wave theory , the structure of the main wave 4 seems to be an Expanding Flat(ABC/3-3-5) . The main wave 5 could lead to the formation of a new All-Time High(ATH ).
One of the reasons why I think we saw a Fake Break below the lower line of the ascending channel is that I think the S&P500 Index ( SP:SPX ) will trend upward , and given the high correlation between Bitcoin and S&P500 Index these days, we can expect Bitcoin to increase .
I expect Bitcoin to start rising again AFTER breaking the Resistance zone($105,100-$104,140) and touch the targets I have indicated on the chart.
Note: If Bitcoin touches $101,800, 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.
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Bitcoin at PRZ! Is This the Calm Before a Drop?As I expected in yesterday's idea , Bitcoin ( BINANCE:BTCUSDT ) started to rise from near the Support line and hit the Target .
Bitcoin is trading near the Potential Reversal Zone(PRZ) , the upper line of the ascending channel(minor) , and the Resistance line .
In terms of Elliott Wave theory , it seems that Bitcoin has successfully completed the microwave B of the main wave 4 in the ascending channel(minor). A break of the lower line of the ascending channel(minor) could be a sign of the completion of this wave. The corrective structure of the main wave 4 so far could be a Zigzag(ABC/5-3-5) .
I expect Bitcoin to drop to at least $100,923 AFTER breaking the lower line of the ascending channel(minor) and breaking the Support line, the next target could be the lower line of the ascending channel(major) .
Cumulative Short Liquidation Leverage: $106,943-$105,913
Cumulative Short Liquidation Leverage: $105,525-$104,500
Cumulative Long Liquidation Leverage: $100,763-$99,774
Note: If Bitcoin goes above $105,300, we can expect more pumps.
Note: If Bitcoin touches $99,400, we should expect further declines.
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.
Bitcoin’s Path to ATH: Final Wave or Just a Pause? Bitcoin ( BINANCE:BTCUSDT ) pumped about +2% after the " The United States has dropped its tariffs on Chinese goods to 30%, down from a brutal 145%, while China is slashing its own duties on US imports to just 10%, temporarily, for the next 90 days. " news, but then started to decline again. Do you think Bitcoin can see the new All-Time High(ATH)?
Bitcoin is moving near the Support zone($102,200-$101,680) and Support line .
In terms of Elliott wave theory , Bitcoin appears to have completed microwave 3 of the main wave 5 and is currently completing microwave 4 of the main wave 5 .
Given the momentum of the decline a few hours ago , I expect Bitcoin to either touch the previous low or create a new low in the 1-hour timeframe .
I expect Bitcoin to attack the Support zone($102,200-$101,680) once again and possibly touch the Support line and then attack towards the Resistance zone($109,588-$105,865) with the two scenarios I outlined on the chart .
Cumulative Short Liquidation Leverage: $106,943-$105,913
Cumulative Short Liquidation Leverage: $105,313-$104,787
Cumulative Long Liquidation Leverage: $102,198-$101,697
Note: If Bitcoin can move above $104,500 without correction, we can expect more pumping.
Note: If Bitcoin falls below $101,500, we can expect more declines.
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.