TradingView
MrSpasybo
Oct 15, 2022 12:43 AM

BTCUSD - Harmonic Pattern - Deep Crab 

Bitcoin all time history indexINDEX

Description

Comparing with the standards of the Deep Crab pattern, we see many matches (in %):
AB/XA = 88.6, exactly
BC/AB = 38.2 belongs to [38.2;88.6]
Expect D at 4K that matches the Deep Crab pattern:
CD/BC = 300 belongs to [261.8;361.8]
CD/XA = 161.8 to be exact.
DE can be expected at the 38.2 ~ 29K or 61.8 ~ 44K retracement levels.

I don't understand why it coincides, interesting, but there is still a problem that the price range is too large compared to the bottom price (3.8K - 69K), the application of an arithmetic scale is not supported when considering the ratio wave.
Comments
SwallowPremium
Very nice work, I also have the same opinion)!
MrSpasybo
@SwallowPremium, I've just started working on Harmonic patterns approach for crypto, I don't know exactly if we can use Deep Crab here.
More