Bitcoin Breaks Uptrend line– Is a Crash Coming?

2月21日

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?


Please respect each other's ideas and express them politely if you agree or disagree.

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

Be sure to follow the updated ideas.

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2月22日

交易开始

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

2月23日

交易结束：到达目标

First Target Done

2月25日

注释

Full Target Done