BullFish

BTC Bullish ABCD Pattern: Take 2

BITFINEX:BTCUSD   Bitcoin / Dollar
212 1 2
Bfx broke 579 and touched the OTE             (70.5 retrace). If we do in fact eventually break upwards from there I've used a fractal relationship from a previous move to calculate some possible upside targets (same factor as the superseded chart just using 574 as a starting point)..

585, 590, 593 then a sharp drop to 561-562 followed by a big move to the upside (or the double bottom doesn't hold and we break down)

This technique using proportionate factors is an experiment and am publishing for interest

***Please note. After looking at other fractal patterns in the the charts I think we'll re-test 600-610 but will break down afterwards. Please see my latest chart. ***
BTC test of 600 to come?
Fractals side by side
snapshot
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