January 23, 2026

Capitalizations Index – B ∞/21M

BTCUSD three drives pattern

Btcusd three drives pattern

BTCUSD three drives pattern

Btcusd three drives pattern
At previous analysis, we have target at fibonacci 1.414, but bitcoin only able reach fibonacci 1.272 and have pullback after that.
This price action trigger a new harmonic pattern perform.

Drive 1 (black)
Drive 1 already complete with 1.272 as projection.

Drive 2 (blue)
After reach drive 1 projection, drive 2 perform.
If bitcoin able to reach and bounce at drive 2 support at 3839,
it will confirm drive 2 pattern with projection at 3977

Drive 3 (red)
After reach drive 2 projection at 3977,
sometimes it perform a very strong bearish (single candle dump) with target at drive 3 support at 3796
and finally perform bullish wave to reach drive 3 projection at 4027 to complete “3 drives pattern”

this pattern will failed if :
* Drive 1 projection break up before hit drive 2 support
** Drive 2 support break down

note :
if you agree with this pattern, let me know by click “like” button.

Published at Mon, 11 Mar 2019 06:36:36 +0000

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