Full Target Done
Trade active
Trade was activated near the resistance lines
Trade closed: target reached
BTC Pumped Hard – Is It Time for a Pullback
Bitcoin started pumping after the pullback, as I expected in my previous post, I hope you were able to take profits.
Bitcoin is trading in the upper areas of the Heavy Resistance zone ($95,000-$88,500), near the Resistance lines and the upper line of the ascending channel.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
From the Elliott Wave theory perspective, it seems that Bitcoin has completed the main wave 3 and we can expect the completion of the main wave 4 today.
I expect Bitcoin to correct in the next few hours and drop to the targets I have specified on the chart and fill the CME Gap($93,465-$91,415).
Cumulative Short Liquidation Leverage: $95,700-$94,542
Cumulative Long Liquidation Leverage: $92,666-$91,415
Cumulative Long Liquidation Leverage: $90,276-$89,160
Note: If Bitcoin can break the upper line of the ascending channel, we should wait for the next pump.
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.
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