Eventual Crab pointing to previous Highs around 318 // IF=THEN ®

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
262 0 8
BITSTAMP:BTCUSD             Bearish Crab

Previous published idea (The Daily Bat):

Bearish CRAB:

Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
TP1 61.8% CD
TP2 127% CD

This study is taking in consideration a rejection around 236.50 (resistance) and the beginning of a retracement that could reach the 88.6% from AB leg and above all, the point X to A as an impulse leg (strange one, indeed).


Safe trades;
Comment removed
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