Bitcoin at Make-or-Break: Will BTC Fill the CME Gap?

28 Ogo

Bitcoin(BTCUSDT) increased to $113,500 as I expected in my previous idea.

Do you think Bitcoin can fill the upper CME Gap($117,235-$113,800)!?

Bitcoin is currently moving near the Resistance zone($114,720-$113,580), Cumulative Short Liquidation Leverage($115,000-$113,588), Resistance lines, and Monthly Pivot Point.

In terms of Elliott Wave theory, Bitcoin’s movement over the past 2 days has been in the form of corrective waves and has had low momentum. The corrective wave structure is a Double Three Correction(WXY).

From a Classic Technical Analysis perspective, Bitcoin appears to be completing a Rising Wedge pattern.

I expect Bitcoin to move towards Cumulative Long Liquidation Leverage($109,500-$108,000) after volatile movements over the next two days.

CME Gap: $112,870-$112,700

CME Gap: $112,155-$111,940

Stop Loss(SL): $115,510(Worst)

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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30 Ogo

Pesanan dibatalkan

I am canceling this analysis because I did not find a trigger to short Bitcoin. However, the analysis hit the target.