Bitcoin / TetherUSShort
Bitcoin Analysis==>>First Attack Will Fail!?
Updated
Bitcoin(BTCUSDT) is moving near thePotential Reversal Zone(PRZ)[$95,000-$91,880] and Important Resistance lines.
I don't expect Bitcoin to be able to break the important resistance lines in the first attack. What do you think!?
Bitcoin managed to form a New All-Time High again today.
According to the Elliott wave theory, Bitcoin seems to be completing the main wave 3 or even main wave 5 in the 1-hour time frame, which can end in a Potential Reversal Zone(PRZ)[$95,000-$91,880].
I expect Bitcoin to drop to Cumulative Long Liquidation Leverage and then to $88,000 in the coming hours.
Fear and Greed Index is Extreme Greed (84-87).
For a better understanding, I suggest you look at the analysis below in the weekly time frame.👇
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put 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) is moving near thePotential Reversal Zone(PRZ)[$95,000-$91,880] and Important Resistance lines.I don't expect Bitcoin to be able to break the important resistance lines in the first attack. What do you think!?
Bitcoin managed to form a New All-Time High again today.
According to the Elliott wave theory, Bitcoin seems to be completing the main wave 3 or even main wave 5 in the 1-hour time frame, which can end in a Potential Reversal Zone(PRZ)[$95,000-$91,880].
I expect Bitcoin to drop to Cumulative Long Liquidation Leverage and then to $88,000 in the coming hours.
Fear and Greed Index is Extreme Greed (84-87).
For a better understanding, I suggest you look at the analysis below in the weekly time frame.👇
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put 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.
Trade active
Trade was activated when BTC touched Resistance lines.Trade closed: target reached
I closed my Short Position, and even you can find others according to the below analysis:
Note
First Target Done
Note
Second Target Done
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