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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Btcsignal
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.
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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.
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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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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.
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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.
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BTC Accumulated Over 104K💎 BTC PLAN UPDATE (June 16)
NOTABLE BITCOIN (BTC) NEWS:
At least four publicly listed U.S. companies announced plans on Tuesday to significantly increase their cryptocurrency exposure, committing a combined $844 million in new investments. The move reflects a growing corporate appetite for Bitcoin and other digital assets as alternative stores of value and growth opportunities.
The most substantial commitment came from Hong Kong-based ready-meal provider DDC Enterprise Ltd, which disclosed three separate purchase agreements totaling $528 million. The entire sum is earmarked for expanding the company’s Bitcoin reserves.
Technical analysis angle
DAY DAY: Bitcoin is united when uncertainty takes root
Bitcoin price moves widely at about $ 106,300 at the time of writing the article after failing to reach the $ 107,000 resistance threshold on Monday. Its technical structure, as observed from the daily chart below, shows the trend of price increases.
The dynamic convergence indicator (MACD) has maintained the signal to be confirmed on Thursday when the blue MACD line cut under the red signal line. This signal often encourages traders to consider reducing exposure to Bitcoin, thereby creating a dynamic motivation.
The relative power index (RSI) highlights the discount trend when it is sloping, approaching the middle line 50. The movement is below this important neutral level that can catalyze the downtrend, bringing the average exponent dynamic line of 50 days (EMA) at $ 103,064, the 100 -day EMA road at $ 98,783 and the 200 -day EMA road at $ 93,083 to become expected targets.
==> Comments for trend reference. Wishing investors successfully trading
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.
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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.
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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)
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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 Structure Breaks — PRZ May Trigger a BounceBitcoin ( BINANCE:BTCUSDT ) has finally continued its downward trend , as I expected in my previous idea .
Do you think this downward trend will continue or not?
Bitcoin has now managed to break the Support zone($104,180-$103,670) and the lower line of the Ascending Broadening Wedge Pattern .
In terms of Elliott Wave theory , Bitcoin appears to be completing microwave C of the main wave Y of the Double Three Correction(WXY) .
I expect Bitcoin to continue to decline to the Support zone($102,000-$107,120) and the Potential Reversal Zone(PRZ) and then start to rise again.
I choose to label this idea as ''Long''.
Note: If Bitcoin falls below $100,200, we should expect further declines.
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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 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.
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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 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.
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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 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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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.
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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 at Resistance With Weak Momentum-Bearish SetupBitcoin ( BINANCE:BTCUSDT ) finally reached the Resistance zone($105,100-$104,520) as I expected yesterday. Of course, the way Bitcoin reached the resistance zone was NOT with high momentum , so I decided to share this analysis with you.
In terms of Classic Technical Analysis , Bitcoin appears to have formed a Rising Wedge Reversal Pattern between Support zone($103,320-$102,600) and Resistance zone($105,100-$104,520) over the past few hours .
In terms of Elliott Wave theory , given Bitcoin’s low momentum and the Heavy Cumulative Short Liquidation Leverage($105,180-$104,412) ahead of Bitcoin, it appears that Bitcoin has completed microwave B of the main wave 4 with a Double Three Correction(WXY) .
I expect Bitcoin to decline to at least $102,800 at the first target AFTER breaking the lower line of the Rising Wedge Pattern, and if the Support zone($103,320-$102,600) and lower line of the ascending channel(Major) are broken, we should expect a drop to Cumulative Short Liquidation Leverage($100,763-$99,600) .
Note: If Bitcoin touches $105,850, we can expect further increases.
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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 Breakout Loading: Resistance Zone Under Pressure!!!Bitcoin ( BINANCE:BTCUSDT ) made the correction I expected , as I predicted in my previous idea .
Bitcoin is trading in the Resistance zone($103,320-$102,600) and near the Resistance lines . Given the momentum of the previous hour's candle and the fact that the previous three candles together formed a Morning Star Candlestick Reversal pattern , it is expected that the Resistance lines will be broken soon.
In terms of Elliott Wave theory , it looks like Bitcoin has completed the main wave 4 as I expected with a Zigzag Correction(ABC/5-3-5) . A break of the Resistance lines by Bitcoin could confirm the end of the main wave 4 .
Also, given Bitcoin's higher correlation with the S&P500 Index ( SP:SPX ) and the fact that I expect the S&P500 Index to increase , the increase in the S&P500 Index could help Bitcoin increase further .
I expect Bitcoin to break the Resistance zone($103,320-$102,600) and Resistance lines soon and attack towards the Resistance zone($105,100-$104,520) .
Cumulative Long Liquidation Leverage: $101,360-$100,600
Note: If Bitcoin falls below $101,280, 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.
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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.
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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).
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’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.
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Bitcoin Breaks Wedge! Correction Coming Before Next Leg? After Trump said in the press conference, " Better go out and buy stocks now ." The SPX500 index started pumping , and as I said in the ideas of the last few days, Bitcoin ( BINANCE:BTCUSDT )'s correlation with this index has increased. Bitcoin also started pumping.
Yesterday's Bitcoin pump succeeded in failing the Ascending Broadening Wedge Pattern , generally, if the reversal pattern fails, it will play a continuation role .
Bitcoin is moving between the Support zone($100,270-$97,700) and the Resistance zone($109,588-$105,865) . The question is whether Bitcoin will touch the Support zone($100,270-$97,700) again and move towards the Resistance zone($109,588-$105,865) or will it continue its upward trend.
In terms of Elliott Wave theory , it seems that Bitcoin has completed microwave 3 of the main wave 5 . We can expect an even Time Correction on Saturday and Sunday when trading volume is low . There is also a possibility that microwave 4 of the main wave 5 in Cumulative Long Liquidation Leverage($101,838-$101,432) will be completed.
One of the reasons I think we should wait for a correction is the USDT.D% ( CRYPTOCAP:USDT.D ) chart, which we used as a guide in previous ideas .
USDT.D% has reached Monthly Support(1) and a Heavy Support zone(4.73%-4.50%) , which I believe is unlikely to be broken within in first attack , and I expect an increase to the Fibonacci lines on the chart.
I expect Bitcoin to start rising again after a correction .
Cumulative Short Liquidation Leverage: $105,114-$104,100
Note: If Bitcoin touches $97,500, we should expect further declines.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (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.