Alexander_Nikitin

btcusd. harmonic butterfly

Short
Alexander_Nikitin Updated   
BITSTAMP:BTCUSD   Bitcoin
A bear harmonic butterfly pattern is setting up on bitcoin. The potential reversal zone of 11350-11436 is calculated as a confluence of 1.272XA extension + abcd move + 2BC inversion. Wait for a Terminal Price bar to install. If the PRZ is broken then look for further upside continuation. Good luck.
Comment:
Terminal Price Bar is installed
Trade closed: target reached:
First take profit is hit:

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