Bitcoin will crash by Bearish Harmonic AB=CD pattern🧨Short term

May 4, 2023

After failing to break the resistance zone reliably, Bitcoin fell back below the 🔴resistance zone($ 29,030-$ 28,880)🔴.

According to the theory of Elliott waves, the increase in these few days of Bitcoin was in the form of a Zigzag correction(ABC/5-3-5), which also formed a standard Bearish AB=CD Harmonic pattern.

I expect Bitcoin to fall after breaking the support line, at least as far as the 🎯targets🎯 I specified on the chart.

Bitcoin Analyze ( BTCUSDT ), 15-minute 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.

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May 4, 2023

Trade active

May 4, 2023

Note

Bearish Pennant Pattern @ TF=15min

May 5, 2023

Note

🔄New update🔄: The correction structure was changed to Triple Three Correction(WXYXZ).

May 8, 2023

Note

Finally, Bitcoin reached its goals.