Bitcoin’s Heavy Support Zone Under Attack–Will It Finally Break?

2 Sep

Bitcoin(BTCUSDT) currently appears to have completed its pullback to the 100_EMA(Daily), and Bitcoin has failed to break the Resistance lines with high momentum. The Resistance zone($110,920-$110,200), Resistance lines, and Cumulative Short Liquidation Leverage($111,711-$110,745) could prevent Bitcoin from rising.

In terms of Elliott Wave theory, Bitcoin appears to have completed the wave Y of the Double Three Correction(WXY).

I expect Bitcoin to decline at least to the Support lines and Cumulative Long Liquidation Leverage($107,230-$106,277). And there is a possibility that Bitcoin will eventually break the Heavy Support zone($111,980-$105,820) in this attack.

Do you think Bitcoin can finally break the Heavy Support zone($111,980-$105,820)?

CME Gap: $117,235-$113,800

Stop Loss(SL): $111,880(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).

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2 Sep

Dagangan aktif

Bitcoin analysis changed after the ISM Manufacturing PMI was published.

If you are short on Bitcoin, you can hold it up to $112,893(maximum).

Given Bitcoin's position, a short position was activated in compliance with capital management.

Be sure to follow money management in your positions (please).

5 Sep

Dagangan ditutup: hentian tercapai

Stop Loss was touched at $112,893