Bitcoin Analysis==>Bearish Deep Crab Harmonic Pattern
Updated
As I expected yesterday, Bitcoin went towards filling the CME Gap($61,855-$60,485), although the structure of the trend was slightly different.
Bitcoin is currently moving near the Resistane zone($62,920-$61,460), Resistance line, Daily Resistance(2) and 50_SMA(Daily).
Also, the 🦀Bearish Deep Crab Harmonic Pattern🦀 can be formed near the Resistance line and the Resistance zone.
According to Elliott's wave theory, Bitcoin is completing corrective waves after completing five bearish waves.
I expect Bitcoin to drop to at least $59,400 after breaking the Support line, and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200).
Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is currently moving near the Resistane zone($62,920-$61,460), Resistance line, Daily Resistance(2) and 50_SMA(Daily).
Also, the 🦀Bearish Deep Crab Harmonic Pattern🦀 can be formed near the Resistance line and the Resistance zone.
According to Elliott's wave theory, Bitcoin is completing corrective waves after completing five bearish waves.
I expect Bitcoin to drop to at least $59,400 after breaking the Support line, and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200).
Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
The support line was broken, and I expect BTC will attack the Support zone($63,630-$63,200).Trade closed: target reached
✅First Target Done✅Trade closed: target reached
✅Second Target Done✅
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