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thedude182
Dec 1, 2020 2:25 AM

BTC: Butterfly of Death in the making? Short

Bitcoin / U.S. dollarBitstamp

Description

Rules:
AC between 0.382 - 0.886
XD between 1.27 - 1.618

Target:
Between level of (B) (also around same level as the 0.786 retracement) and the neckline (12k).

Disclaimer:
I had to move point C a bit to the upside to get AC within 0.886. Those were 2 extreme wicks. Had i used the body's instead of the wicks in the first place, all was within rules of harmonic pattern from the start.
Comments
jstrandt
I think you're reaching a bit, but it's not outside the possibility. Runs like this typically carve new trends though.
thedude182
@jstrandt, yes chances are higher than low. Medium perhaps. Also matches other ways of TA that point to the 12-13k so the target chance is higher than medium for me.
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