Bitcoin Crash by Ascending Broadening Wedge Pattern⏰(1-Hour)⏰

pejman_zwin Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
✅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.
🌐➕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
In general, the Trading Volume is low on Saturdays and Sundays. It is better to wait for Monday for a bigger move.
Bitcoin seems to be completing a complex correction pattern.
I think that Bitcoin can go up maximum to $26,780.
Trade closed: target reached
Trade closed: target reached:
Second Target

👑Free & VIP Signals:

🤑Try 3Commas and get a 10% discount:

🎁Get 10% Discount on your trading FEE on Bybit:

📚if you want to learn Technical Analysis = Please Contact me

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.