Bitcoin Roadmap==>>Short term!!!
Updated
Bitcoin(
BTCUSDT) started to pump up late yesterday with the following three News and the important resistance of $100,000 seems to be broken:
1- Federal Reserve Chair Jerome Powell: Bitcoin is like gold(
XAUUSD), not dollars.
2- President Putin says, “Bitcoin, Digital Assets will continue to develop".
3- 'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks
⚠️Note: As I said in previous posts, the crypto market has become more dependent on the news and reacts to any development or news in the world, so capital management should be observed more than before.⚠️
Let's now look at the analysis of Bitcoin after yesterday's pump.
Bitcoin is currently moving in the Potential Reversal Zone(PRZ)[$101,000-$99,800] and near the Support zone($99,600-$98,620).
According to the theory of Elliott waves, Bitcoin seems to be completing wave 4, and we should wait for the start of wave 5. The wave 4 structure is a Zigzag correction(ABC/5-3-5).
I expect Bitcoin to start increasing again after the end of wave 4 and attack the Resistance line. If the resistance line breaks, it can at least go up to the previous top($104,088).
⚠️Note: We should wait for Bitcoin to fall further if Bitcoin goes below the Support line and the Support zone($99,600-$98,620).⚠️
⚠️Note: Due to the Sharpie movement of wave 3, BTC may not even create a new All-Time High(ATH) (wave 5 will be Truncated). ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute 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) started to pump up late yesterday with the following three News and the important resistance of $100,000 seems to be broken:1- Federal Reserve Chair Jerome Powell: Bitcoin is like gold(
XAUUSD), not dollars.2- President Putin says, “Bitcoin, Digital Assets will continue to develop".
3- 'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks
⚠️Note: As I said in previous posts, the crypto market has become more dependent on the news and reacts to any development or news in the world, so capital management should be observed more than before.⚠️
Let's now look at the analysis of Bitcoin after yesterday's pump.
Bitcoin is currently moving in the Potential Reversal Zone(PRZ)[$101,000-$99,800] and near the Support zone($99,600-$98,620).
According to the theory of Elliott waves, Bitcoin seems to be completing wave 4, and we should wait for the start of wave 5. The wave 4 structure is a Zigzag correction(ABC/5-3-5).
I expect Bitcoin to start increasing again after the end of wave 4 and attack the Resistance line. If the resistance line breaks, it can at least go up to the previous top($104,088).
⚠️Note: We should wait for Bitcoin to fall further if Bitcoin goes below the Support line and the Support zone($99,600-$98,620).⚠️
⚠️Note: Due to the Sharpie movement of wave 3, BTC may not even create a new All-Time High(ATH) (wave 5 will be Truncated). ⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute 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.
Note
The wave count changed for me after Bitcoin touched $99,000, and I am now looking for a short position.
-----------------------------------------
Signal: Of course, follow with your strategy.
BTCUSDT
🔴Position: Short
✅Entry Point: 99410.0 USDT (Limit Order)
⛔️Stop Loss: 101549.0 USDT
💰Take Profit:
🎯96393.0 USDT ==>>Risk-To-Reward: 1.41
🎯95,133 USDT==>> Risk-To-Reward: 2.00
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
-----------------------------------------
The probability of forming the Shooting Star Candlestick Pattern is in the daily time frame; if the body of the candle becomes red, it will be more valid; we still have more than 3 hours to close the daily candle.
The Shooting Star Candlestick Pattern could be a sign of the beginning of a Bitcoin correction or at least a return to $90,000.👇
Trade active
My short Position was activated.Trade closed: target reached
Short Position= Full Target Done
Please follow the updates and notes.
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