Bitcoin will crash by Bearish Harmonic AB=CD pattern🧨Short term
Updated
After failing to break the resistance zone reliably, Bitcoin fell back below the 🔴resistance zone($ 29,030-$ 28,880)🔴.
According to the theory of Elliott waves, the increase in these few days of Bitcoin was in the form of a Zigzag correction(ABC/5-3-5), which also formed a standard Bearish AB=CD Harmonic pattern.
I expect Bitcoin to fall after breaking the support line, at least as far as the 🎯targets🎯 I specified on the chart.
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, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
According to the theory of Elliott waves, the increase in these few days of Bitcoin was in the form of a Zigzag correction(ABC/5-3-5), which also formed a standard Bearish AB=CD Harmonic pattern.
I expect Bitcoin to fall after breaking the support line, at least as far as the 🎯targets🎯 I specified on the chart.
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, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
Bearish Pennant Pattern @ TF=15min
Note
🔄New update🔄: The correction structure was changed to Triple Three Correction(WXYXZ).
Note
Finally, Bitcoin reached its goals.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
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.