Bitcoin Long-Tern Technical Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I have been spending decent amount of time lately acquiring and studying Harmonic Pattern Theory.
So this time I am going to approach this daily chart of BTCUSD in different perspective.
This harmonic price pattern is a perfect bat pattern where AB falls right into 0.382~0.5 of length XA, BC close to 0.886 of length AB, CD into 1.618~2.618 of length CD, and CD close to 0.886 of length XA.

The first target comes in at 61.8% Fibonacci level of CD, followed by target 2 at 1.272% Fibonacci level of CD and finally target 3, which is the 1:1 projected XA distance from the PRZ level at D.
Bitcoin trading signal (비트코인):
Futures trading signal (해외선물):
Instagram: nexgen_trading
Always like elliot wave traders. Those who don't really get hammered during these wave 2 sub-wave C corrections
@tecknit, Thanks tecknit. I am just a huge fan of the Fractal theory aka Law of nature. That's just how the universe exists. Fib and Elliot is all fundamentally based on this weird and scary theory.
tecknit Tommy_Heize
@Coin_Trader_, well said. Fibonacci is nature :)
You should study the concept of clutter, 9 indicators, 4 fib charts, 3 trend lines, an elliot wave and a Bat pattern to garnish; what a fucking mess- just stop posting
Tommy_Heize MikeJoseph
@MikeJoseph, Well it seems like you are the one who doesn't know a fucking shit about coordination synergy of various theories and indicators. There ARE many traders out there who combine elliott and harmonic. Please. If you don't have sufficient knowledge about Technical Analysis, just at least pretend to not look like a dumb fucktard.
MikeJoseph Tommy_Heize
@Coin_Trader_, Lol sorry buddy, less is always more when making a presentation in regard to TA; I was just trolling you though
Tommy_Heize MikeJoseph
@MikeJoseph, You are actually right. I will do try hard next time to keep my chart tidy. I am sorry I expressed my feeling to harsh.
Acel Tommy_Heize
@Coin_Trader_, you dont have to. Just use the same coords on the fib lines so the lines will dissapear ( but the levels are still there), and also use only the important fib levels.

People just want to see a magical trend line and a pattern with no additional info to cal it "clean" .
@Acel, yeah. I know what u mean. I was just too lazy to do it but I will definitely consider it next time. Thanks for the feedback, mate.
+1 Reply
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