BTC Approaching Key Confluence Zone: Pivot + PRZ + Liquidations

17 Haz

Bitcoin(BTCUSDT) appears to have broken the Support lines and is currently declining.

In terms of Elliott Wave theory, Bitcoin appears to be completing a corrective wave C. The corrective wave structure is a Zigzag Correction(ABC/5-3-5).

I expect Bitcoin to start rising again from the Support zone($104,380-$103,660), Potential Reversal Zone(PRZ)[$104,170-$103,270], Cumulative Long Liquidation Leverage($104,471-$103,124), Monthly Pivot Point, Support line, and 50_SMA(Daily), and the small CME Gap($106,190-$106,150) will also fill.

Note: Stop Loss: $102,520

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

Be sure to follow the updated ideas.

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18 Haz

İşlem aktif

Position was activated near support line and Potential Reversal Zone(PRZ)[$104,170-$103,270]

19 Haz

İşlem kapandı: hedefe ulaştı

The Short and Long positions = Target Done