AzrulAzir

BTCUSD three drives pattern

Long
AzrulAzir Updated   
COINBASE:BTCUSD   Bitcoin
At previous analysis, we have target at fibonacci 1.414, but bitcoin only able reach fibonacci 1.272 and have pullback after that.
This price action trigger a new harmonic pattern perform.

Drive 1 (black)
Drive 1 already complete with 1.272 as projection.

Drive 2 (blue)
After reach drive 1 projection, drive 2 perform.
If bitcoin able to reach and bounce at drive 2 support at 3839,
it will confirm drive 2 pattern with projection at 3977


Drive 3 (red)
After reach drive 2 projection at 3977,
sometimes it perform a very strong bearish (single candle dump) with target at drive 3 support at 3796
and finally perform bullish wave to reach drive 3 projection at 4027 to complete "3 drives pattern"

this pattern will failed if :
* Drive 1 projection break up before hit drive 2 support
** Drive 2 support break down

note :
if you agree with this pattern, let me know by click "like" button.
Comment:
We also found another pattern,
I will update here ^_^
(Still need 1 candle confirmation)
Comment:
drive 2 support confirmed, price bounce and heading north to drive 2 resistance
Trade active:
Pattern failed, support break down.
We back to previous analysis support.
Order cancelled:
I will update new analysis once we have a new pattern.
Thanks for your "like"
We'll do our best to perform a good analysis,

Dian Kemala ^_^

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