BITSTAMP:BTCUSD Bitcoin / U.S. Dollar
- The mid-point is "B" 61.8%. (slightly higher)
Crab pattern parameters
• B point that is a 0.618 retracement of XA or less.
• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.
• Alternate 1.27 or 1.618 pattern required.
• 1.618 XA projection as the defining limit with the structure.
• C point with a range between 0.382 and 0.886.
For the , this pattern is also NOT eligible because the price slightly moved upward of the 61.8% of B point.
Let's directly point to the important factors of Fib Retracement:
- 1.618 BC projection at 20215
- 1.618 at 21499
- "D" point of XA retracement at 1.13 at 21750
Elliott Wave Analysis for Bitcoin: ( , 5th Wave ca be predicted 19299 nearby.)