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UnknownUnicorn3246454
Jul 9, 2019 11:03 AM

Bitcoin / BTCUSD / Harmonic Analysis 

Bitcoin / U.S. dollarBitstamp

Description

At the moment, we have the formation BD of the AB = CD pattern. The PRZ (potential reversal zone) of the AB = CD pattern coincides with the PRZ of the Anti New Cypher pattern (1.272 of XA), as well as with the beginning of the Max Butterfly pattern. In the case of a PRZ breakout of two exact patterns (AB = CD and Anti New Cypher), we are expected to go higher to 1.414 from XA, 1.5 from XA. The most recent retracement will be 1.618 from XA, where a strong Ideal Deep Crab pattern will be formed. We look at the market movement and make trading decisions.

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