Bitcoin / TetherUSShort
Bitcoin is Ready to fill CME Gap!!!
Updated
Bitcoin(BTCUSDT)is approaching the Resistance zone($105,560-$104,940), Downtrend line, and Cumulative Short Liquidation Leverage($105,654-$104,709).
According to Elliott's wave theory, Bitcoin seems to be completing wave 4. Probably wave 4 will end in the Resistance zone($105,560-$104,940).
I expect Bitcoin to go towards filling the CME Gap($103,325-$101,840) AFTER breaking the Support line.
⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️
🙏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)is approaching the Resistance zone($105,560-$104,940), Downtrend line, and Cumulative Short Liquidation Leverage($105,654-$104,709).According to Elliott's wave theory, Bitcoin seems to be completing wave 4. Probably wave 4 will end in the Resistance zone($105,560-$104,940).
I expect Bitcoin to go towards filling the CME Gap($103,325-$101,840) AFTER breaking the Support line.
⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️
⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️
🙏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
Also, USDT.D% has managed to break the resistance line, and there is a possibility of a return from the Potential Reversal Zone(PRZ)[3.89%-3.87%], which can cause Bitcoin to fall
Trade active
Trade was activated after breaking the support line.Trade closed: target reached
Target Done, BTC was able to fill CME Gap as I expected yesterday.
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