Short

BITCOIN Elliott wave Theory Ready to Drop $7846

Updated

BTCUSD Elliott wave Theory Update:

BTCUSD Look bearish as per Technical analysis Chart.

look Elliott wave in 6 hours Time Frame.

1,2,3,4,5,A,B wave is Completed and now waiting for C correction wave.
so if BTC will drop then my Target is $7846.

$7846 is also very Strong Support and 340MA support also.

if You check chart then you can see 1,2,3 bearish Engulfing pattern also.
and same pattern are working now at this time.
so 1 and 2 bearish engulfing has been done and waiting for 3.

Support : If btcusd drop then I can expect $7846.
but keep an eye on support also.
Support: $9000/$8250/$7846
so this resistance is major support.

Resistance : In this chart $9550 is very strong resistance.
and if break then next resistance is $10180.

so if btcusd Breakout $9970 then this Elliott wave pattern is filled and after I will update soon next scenario on real time.

$10650 is very big resistance bear or bull fight.

if we breakout $10650 then we can see New all time high guys.

So please keep updated for every updates.

I will share here each and every update with real time so don't Miss any update.
and never loss your hard earned money guys.

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Trade closed: target reached

BTCUSD Instant Dump after my Update.
Current price of Bitcoin is $9120.

Guys if you opened short Position then you can take profit for scalping.

$400 dump within 2 hours.

Hope you learn and earned with us.

Support: $9000/$8250
Resistance: $9550/$10180

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Trade active

#BTCUSD Technical Analysis Update:

#BTCUSD Now current trading bellow $8980.

What TA Says..?
According To TA we can Expect Small Bounce back from here.
$8840 is very good Strong support.

Support : $8840 is Strong support to hold BTCUSD Bullish .
if this Support will breakdown then we can see very bearish as chart.
if break down this support I personally can expect $4850 in mid term Targets.

Resistance: $9780/$10180/$10650/$12500
if this support will hold then we can strongly expect Some upward side like $10000 and $11500.

Big Time Frame I can see in Chart Bear flag and Falling Wedge as I told you in Last analysis.
if you followed my analysis hope you earned good Profit.

I sold BTCUSD Spot at $9900 and waiting for more confirmations.

I am Only Bearish Because of #Rising_Wedge and #Bear_Flag.

What is Bear Flag ..?
A Bear Flag is a price action within the context of a downtrend that produces an orderly price increase consisting of a narrow trend range comprised of higher swing/ pivot highs and higher swing/ pivot lows.

What is Rising Wedge ..?
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.

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#EarnSafe

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CryptoPatel

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