As I expected in yesterday’s idea, Bitcoin(
BTCUSDT) dropped down into the lower ranges of the Heavy Support zone($111,980-$105,820).
Today, I want to share a quick 15-minute timeframe analysis with you.
Currently, Bitcoin is moving near that Support zone($107,580-$106,700), but it hasn’t managed to break the lower line of the ascending broadening wedge pattern with strong momentum.
So I expect Bitcoin might at least make another move up to the Resistance zone($110,430-$109,380). If BTC finds a Short Trigger near the Resistance zone and Cumulative Short Liquidation Leverage($111,687-$110,198), it could drop sharply afterward, potentially breaking the Heavy Support zone eventually.
Cumulative Long Liquidation Leverage: $106,090-$104,234
Stop Loss(SL): $104,077
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 15-minute 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.
BTCUSDT) dropped down into the lower ranges of the Heavy Support zone($111,980-$105,820).Today, I want to share a quick 15-minute timeframe analysis with you.
Currently, Bitcoin is moving near that Support zone($107,580-$106,700), but it hasn’t managed to break the lower line of the ascending broadening wedge pattern with strong momentum.
So I expect Bitcoin might at least make another move up to the Resistance zone($110,430-$109,380). If BTC finds a Short Trigger near the Resistance zone and Cumulative Short Liquidation Leverage($111,687-$110,198), it could drop sharply afterward, potentially breaking the Heavy Support zone eventually.
Cumulative Long Liquidation Leverage: $106,090-$104,234
Stop Loss(SL): $104,077
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analysis (BTCUSDT), 15-minute 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.
Trade active
Trade was activated in Support zone($107,580-$106,700)Trade closed: target reached
Target Done
Bitcoin hugged my lines.
Be sure to follow money management
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.