Will BTC Correct Before Breaking $96K? CME Gap Still Open!

25 Nis

Bitcoin(BTCUSDT) moved as it did in the previous post, I hope it was useful for everyone.

Bitcoin is still moving in the upper areas of the Heavy Resistance zone ($95,000-$88,500), this type of movement does NOT seem to be enough to break Heavy Resistance zone ($95,000-$88,500), so I still expect a correction.

The volume of Bitcoin's price rebound to the previous high does NOT seem to be sufficient, and even Regular Divergence(RD-) is evident.

According to Elliott Wave theory, it seems that Bitcoin has completed its 5 impulse waves and we should expect another decline. Of course, there is still a possibility that the main wave 4 will be an Expanding Flat(ABC/3-3-5). But both scenarios can bring us a decline in Bitcoin price.

I expect Bitcoin will NOT be able to break the Heavy Resistance zone ($95,000-$88,500) before the CME Gap($92,525-$91,415) is filled, This is just my analysis of course, considering the above explanation. What do you think?

Cumulative Short Liquidation Leverage: $96,000-$95,095

Cumulative Long Liquidation Leverage: $93,350-$92,551

Cumulative Long Liquidation Leverage: $90,276-$89,160

Note: If Bitcoin goes over $96,100, we can expect more pumps.

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.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

27 Nis

İşlem aktif

Trade was activated, and If you opened a short position, you can do RISK-FREE(Transfer Stop loss(SL) to Entry Point(EP)=Risk Free).

28 Nis

İşlem elle kapatılmış

Bitcoin analysis missed the Target with a tiny price difference =Risk Free was touched.