MrSpasybo

BTCUSD - Harmony Pattern - Bat

INDEX:BTCUSD   Bitcoin
Comparing with the standards of the Bat pattern, we see many matches (in %):
AB/XA = 38.2, the min boundary of the range 38.2 - 50
BC/AB = 88.6 max boundary of the range 38.2 - 88.6 (not very nice, min >< max)
Expect a D at $43K to match the Bat pattern:
CD/BC = 261.8 max boundary of the range 161.8 - 261.8
CD/XA = 88.6 to be exact.
DE can be expected at the 38.2 ~ $31K or 61.8 ~ $25K retracement levels.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.