Bitcoin Breaks Uptrend line– Is a Crash Coming?

21 feb

As I expected in the previous post, Bitcoin(BTCUSD) started to rise and reached the upper areas of the Resistance zone($100,520-$97,260).

Bitcoin is moving in the Resistance zone($100,520-$97,260) and has managed to break the Uptrend line.

According to Elliott's wave theory, Bitcoin seems to have finally completed the main wave C.

I expect Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines once again, this is likely to be a heavy drop.

Note: If Bitcoin breaks the Resistance zone($100,520-$97,260), we expect more Pumps.

Do you think Bitcoin can break the Heavy Support zone($93,300-$90,500) or not?


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Bitcoin Analyze (BTCUSDT), 1-hour time frame.

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22 feb

Trade attivo

Trade was activated after BTC pulled back to the uptrend line.

7 giorni fa

Trade chiuso: obiettivo raggiunto

First Target Done

6 giorni fa

Nota

Full Target Done