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Trade-Technique
Nov 22, 2020 6:37 AM

BTC: Fib Ratio & Harmonic Pattern (Crab & Gartely) - ElliotWave! 

Bitcoin / U.S. dollarBitstamp

Description

  • The mid-point is "B" 61.8%. (slightly higher)

=> Gartley or Crab required B point as 61.8% and for Gartley - D point at a .786 were assigned to the pattern but in this case, the price is already crossed-over 0.786, therefore this is not a Gartley Pattern).

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 AB=CD 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 Crab pattern, this pattern is also NOT eligible because the price slightly moved upward of the 61.8% of B point.


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Let's directly point to the important factors of Fib Retracement:
  • 1.618 BC projection at 20215
  • 1.618 AB=CD at 21499
  • "D" point of XA retracement at 1.13 at 21750

Above all numbers are important numbers of reversal areas on bitcoin.
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Elliott Wave Analysis for Bitcoin: (Elliot Wave, 5th Wave ca be predicted 19299 nearby.)

Comments
andrejcepak
Could you either comment on this chart or make a new one, following the recent correction of BTC.

Also your work is amazing, keep it up!
S65Bart53
Bleh
Trade-Technique
@S65Bart53, i didn't get you?
IamPhoenix33
Thanks for sharing your analysis! 🙏🏼
AnnaFlores
Kinnari, your knowledge in technical analysis is beyond what I have ever seen. Thanks so much for sharing and updating your ideas.
Trade-Technique
@AnnaFlores, thanks
Mailin101
hmmmm, here is my btc dominance chart, please check it out, thanks
Nueel_classic
great analysis

have a look at my analysis on bitcoin
ShadowPlayer
Nice analysis, it went as you thought. Thanks for your sharing!
InvestEarnRepeat
Hey, can you advise on XRP?
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