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lysergik
Mar 8, 2022 5:53 AM

Potential Butterfly for BTC short-term 

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Description

After a successful but a little bit ugly Gartley fib harmonic that lead to a rejection from 78.6% of XA, we can draw the first half of a butterfly.
Bouncing anywhere above 88.6% retrace of points AB suggests a coming rejection from 127.2% to 161.8% retrace of XA.
In case of that bounce, then that rejection in that extended fib zone of XA, we could then expect a retrace that is about 50% of points AD.
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