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DVoisine
Jul 30, 2018 7:55 PM

BTC/USD Butterfly 

Bitcoin / United States DollarCoinbase

Description

This Butterfly pattern is activated with strong (high TF) close above the point B @ $8289. Once pattern is activated then target area is between $8561 - $8911 and therefore would recommend layering your orders. You can also see a fractal that I created using the Bars Pattern tool. This fractal is pulled off of a 4 hour time frame from the April/May run starting April 30 20:00 UTC. If you pull the chart to the April area you can see an arrow pointing to where the start of the fractal was pulled from. Interestingly enough this fractal also lines up with my target areas.

Order cancelled

Pattern is now invalid since we have passed point C. Back to the drawing board.
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