Bitcoin will ⚔️Attack⚔️ to Heavy Support Zone⏰(1-Hour)⏰

٥ أكتوبر ٢٠٢٣

✅Bitcoin seems to have succeeded in forming an Ascending Broadening Wedge Pattern.

🌊Regarding Elliott waves, corrective waves in the Ascending Broadening Wedge Pattern follow the Double Three Correction structure(WXY).

🔔After breaking the lower line of the wedge pattern, I expect Bitcoin to fall at least to 🟡Price Reversal Zone(PRZ)🟡and break the 🟢Heavy Support zone($27,600-$27,300)🟢.

❗️Note❗️: Corrective waves can continue; we can Confirm the end of corrective waves in the 1-hour time frame after breaking the 🟢Heavy Support zone($27,600-$27,300)🟢.
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🌐➕Positive News➕🌐:

Satoshi Nakamoto (Bitcoin creator) woke up after 5 years! (in Twitter).

Ethereum Futures ETFs Debut on Low Volumes.

Blockchain finance to grow into 79.3B market by 2032

CBDC lays foundation for new global monetary system: French central bank.

Elon Musk Believes Fiat Money is a Scam.

Hong Kong Stock Exchange launches settlement platform powered by smart contracts

🌐➖Negative News➖🌐:

Peter Schiff: ‘We Are Still Early in the Biggest Bond Market Crash in U.S. History’.
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Bitcoin Analyze ( BTCUSDT ), 1-hour 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 gladly see your ideas in this post.

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٥ أكتوبر ٢٠٢٣

تم فتح الصفقة

٥ أكتوبر ٢٠٢٣

ملاحظة

Still valid, BTC touched the upper line of the Ascending Broadening Wedge Pattern.

٥ أكتوبر ٢٠٢٣

ملاحظة

BTC reacted very well as I said to upper line of Ascending Broadening Wedge Pattern.

٥ أكتوبر ٢٠٢٣

ملاحظة

BTC was able to break the lower line of Ascending Broadening Wedge Pattern

٦ أكتوبر ٢٠٢٣

ملاحظة

Bitcoin seems to be forming a pullback to the lower line of the Ascending Broadening Wedge Pattern.

٦ أكتوبر ٢٠٢٣

ملاحظة

BTC was able to complete pull back to the lower line of the Ascending Broadening Wedge Pattern.(As I expected)

Now, it is attacking a heavy support zone.

٦ أكتوبر ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

٧ أكتوبر ٢٠٢٣

ملاحظة

The structure of corrective waves continues and we have to wait for the coming week, trading volume is generally low on Saturdays and Sundays.