LIVEUrgent BTC Update ( 65k is on the way?)
Date: 24 May 2024
Alhamdulillah ,
As predicted on 22 May that $BTC will go to 67,700 area but price of BTC at time of prediction was 70,200. And you can check price now.
🚨 If you have not followed yet then follow so you do not miss next move of #BTC☀️ .
Let's discuss next move of BTC. If we look on charts then it is clear that an imbalance area has formed around 66,600. According to past history mostly such area filled. I hope this time it will be filled. Also it is main support of #BITCOINUSD .
If we look on liquidation heat map then it will be revealed that $1B+ will be get liquidate if price hit 66k area so maximum chance BTC hit 66k area. If I explain it then it will be in this context that the traders who open long in future trading Thier s.l or liquidation will be on downward side. The no. of longer position is more then shorters. Mostly market move to grab liquidation. This time liquidation is on downward side. Maximum chance BTC move in downward direction and grab liquidation .
If we look again on charts then we will find a rising trend line support in area of 65000 to 66000 more buyers are present their . Mostly market show bigger move from trend line support. This time we can expect same thing that #BTC go to 66k area and get support from their and start moving upward .
I hope you understand . If you still have a question then ask in comment I will reply you. Do not forget to like and share the post.
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Date: 22 May 2024
Yesterday , predicted BTC will retest 69K level and then a new all time high will be created. All of you see $BTC retested $69k. But today analyzed graph in more detail and get some more accurate support and resistance and changed my opinion of ATH.
Must read full post before taking any decision. In last thier is also my point of view.
Current price of BTC is $70,100. If we look on chart a FVG level marked from $67,700 - $68,905. 90% chance BTC drop to $68k range ,fill FVG and bounce from their. So, 68k level has marked as support .
According to Elliott wave #BTC 5th Elliot Wave has completed . Mostly when 5th Elliot Wave complete price take a correction almost near to high of 3rd wave so 85% chance BTC correct to 68k level . And after correction a new wave will start which will bring it toward new ATH.
The above two concepts are base on technical analysis . We also need to keep eye on fundamental. Here are fundamental points:
1. SEC will approve #ETHETFS in next 2 days (Bullish).
2. Today a bill will be approve or not about crypto. If approve it will also Bullish .
My point of view: Fundamental are bullish , technical bearish. I will respect technical as $ETH ETF is 1 day away. Technical will perform Thier action in 24 hours. I will wait for filling of FVG and take entry at 68,500 and will do DCA.
🚨🚨🚨Note: #MU_Traders is not a financial advisor so #DYOR* . Take care of your money. If you find this post helpful then do not forget to like and share. Must give your opinion about BTC next movement . Follow if you have not followed yet.
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