Tom-Jones

BITCOIN | Butterfly or Crab

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BYBIT:BTCUSD   None
We can see some harmonic patterns forming on the Bitcoin charts.

CRAB

BUTTERFLY

Crab time fibs line up perfectly with Butterfly

Butterfly fibs lineup with Crab

But there is also a wedge with a lot of confluence:
- The blue butterfly 15.236 time-fib extensions aligns with the end of the wedge
- The red crab 5.0813 (yes 0.813 is also a fib) also aligns with the wedge
- And the fib levels from 0 (8435) to 1 (9840) have a lot of confluence with the crab

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