Bitcoin Roadmap==>>Short-term

anteontem

Bitcoin(BTCUSDT) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily), also Bitcoin managed to break the Descending Channel. Although the main Ascending Channel has been broken in the above time frame, I still expect the pullback to the main ascending channel to continue.

Regarding Elliott wave theory, Bitcoin seems to be completing microwave Y of the main wave 4.

I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart.

⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️

🙏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 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.

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anteontem

Trade ativo

My position was activated. (Considering the condition of Bitcoin, this position seems reasonable even if Stop Loss(SL) is touched).

The descending channel became invalid for me, and now I think the Descending Broadening Wedge Pattern can be a sign of Bitcoin's rise again (along with RD+).

Also, 50_SMA(Daily) seems to play a role in supporting Bitcoin.

The CME Gap($94,760-$94,695) was filled, too.

According to the theory of Elliott waves, the X wave itself is formed by Double Three Correction. The wave chart was also updated.

Bitcoin's target is most likely around $96,800.

⚠️If Bitcoin goes below 50_SMA(Daily), the possibility of further fall is very high and you can use it as Stop Loss(SL) for our trade.⚠️

Note: Other tokens will likely experience better growth if Bitcoin increases (due to BTC.D% conditions).

há 15 horas

Trade fechado: objetivo atingido

Target Done

Thank you for your patience.

Bitcoin moved well towards the first Target. I closed the long position for now.

há 14 horas

Nota

Second Target Done

I hope that you kept the position; I closed in first Target.