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Bitcoin - MEGA Falling Wedge + 0.618 FIB Support!

Long
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Wedge Elliott Wave Fibonacci BTCUSD BTCUSDT Bitcoin (Cryptocurrency) Falling Wedge ABC 0-618 Fibonacci Retracement Descending Channel Bullish Rectangle
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wedgepattern elliottwaves fibonacci btcusd btcusdt bitcoin fallingwedge abc 0-618 fibonacciretracement descendingchannel bullishrectangle
- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern!
- If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level!
- I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations.
- ABC correction from all time high is now completed with 0,618 FIB extension on wave C.

Idee correlate

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Ethereum ETHUSDT - Elliott Wave on the weekly! + ABC completed
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Ripple XRPUSD - Tripple support now! + Elliott Wave + Triangle
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