Bitcoin Analysis==>Bearish Deep Crab Harmonic Pattern

2024年8月29日

As I expected yesterday, Bitcoin went towards filling the CME Gap($61,855-$60,485), although the structure of the trend was slightly different.

Bitcoin is currently moving near the Resistane zone($62,920-$61,460), Resistance line, Daily Resistance(2) and 50_SMA(Daily).

Also, the 🦀Bearish Deep Crab Harmonic Pattern🦀 can be formed near the Resistance line and the Resistance zone.

According to Elliott's wave theory, Bitcoin is completing corrective waves after completing five bearish waves.

I expect Bitcoin to drop to at least $59,400 after breaking the Support line, and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200).

Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.

Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

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2024年8月29日

交易進行

The support line was broken, and I expect BTC will attack the Support zone($63,630-$63,200).

2024年8月30日

交易結束：目標達成

✅First Target Done✅

2024年8月30日

交易結束：目標達成

✅Second Target Done✅