Bitcoin / TetherUS
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Bitcoin Roadmap | Short term

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Bitcoin(BTCUSDT) has been experiencing a lot of volatility over the past 10 days, and the reasons for these movements could be the announcement of US indices + geopolitical issues Those who were in favor of Bitcoin caused Bitcoin to pump.

Bitcoin's movements over the past 10 days have managed to form an Ascending Channel.

In terms of Elliott Wave theory, Bitcoin appears to be completing microwave 5 of microwave C of the main wave Y.

I expect Bitcoin to try to complete main wave Y, and if we find signs of a reversal in the Resistance zone($116,900-$115,730) and Potential Reversal Zone(PRZ)[$116,600-$116,140], we can expect a further decline. Also, it is expected that the CME Gap($117,235-$116,820) will eventually be completed in the main wave Y.

Cumulative Long Liquidation Leverage: $114,165-$113,989

Cumulative Long Liquidation Leverage: $113,370-$112,664

Cumulative Short Liquidation Leverage: $117,102-$116,266


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Bitcoin Analysis (BTCUSDT), 1-hour time frame.

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Nota
The CME Gap has finally been filled in this rally.
Dagangan aktif
Long position touched the target, and the Short position was activated in the Potential Reversal Zone(PRZ)[$116,600-$116,140].
Dagangan ditutup: sasaran tercapai
syot kilat

In this analysis, both the long position and the short position were targeted.

Penafian

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