Bitcoin Crash by Ascending Broadening Wedge Pattern⏰(1-Hour)⏰
Updated
✅Bitcoin crashed, as I expected in previous posts.
💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern.
🌊According to the theory of Elliott waves, Bitcoin seems to be completing its five downtrend waves.
🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move towards the 🟡Price Reversal Zone(PRZ)🟡 after breaking the support line.
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🌐➕Positive News➕🌐:
Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for 77M.
🌐➖Negative News➖🌐:
Bitcoin Network Experiencing Something Yet Unseen.
Binance Prepares to Delist Stablecoins Due to MiCA Rules.
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims.
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Bitcoin Analyze ( BTCUSDT ), 1-hour 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.
💡Bitcoin seems to have formed the classic Ascending Broadening Wedge pattern.
🌊According to the theory of Elliott waves, Bitcoin seems to be completing its five downtrend waves.
🔔I expect Bitcoin to complete wave 4 near one of the 32.8% and 50% Fibonacci levels and near the downtrend line and then move towards the 🟡Price Reversal Zone(PRZ)🟡 after breaking the support line.
--------------------------------------------------------------------------------
🌐➕Positive News➕🌐:
Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data.
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for 77M.
🌐➖Negative News➖🌐:
Bitcoin Network Experiencing Something Yet Unseen.
Binance Prepares to Delist Stablecoins Due to MiCA Rules.
Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims.
--------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 1-hour 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
In general, the Trading Volume is low on Saturdays and Sundays. It is better to wait for Monday for a bigger move.Note
Bitcoin seems to be completing a complex correction pattern.Note
I think that Bitcoin can go up maximum to $26,780.Trade closed: target reached
Trade closed: target reached
Second Target
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