These past few days, the cryptocurrency market has been affected by news about the Mt.Gox exchange and the German government's manipulations.
Bitcoin has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback.
In terms of Classical Technical Analysis, it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern (A symmetrical triangle is usually a continuation pattern).
Regarding Elliott's wave theory, Bitcoin seems to have finished the Double Three Correction(WXY).
I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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 has managed to break the Heavy Support zone($61,100_$58,700) and 200_SMA(Daily) and is currently completing a pullback.
In terms of Classical Technical Analysis, it seems that Bitcoin has succeeded in forming a Symmetrical Triangle Pattern (A symmetrical triangle is usually a continuation pattern).
Regarding Elliott's wave theory, Bitcoin seems to have finished the Double Three Correction(WXY).
I expect Bitcoin to fall at least to the Lower line of the Symmetrical Triangle Pattern and Cumulative Long Liquidation Leverage.
Note: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
Nota
Update.
If BTC can break the Potential Reversal Zone(PRZ), the scenario will be changed.
Dagangan aktif
Nota
You can Risk Free your position.Dagangan ditutup secara manual
Risk-Free was touchedThe CPI indices were lower than the forecasts.
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🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.