- The mid-point is "B" 61.8%. (slightly higher)
Crab pattern parameters
• B point that is a 0.618 retracement of XA or less.
• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.
• Alternate 1.27 or 1.618 AB=CD pattern required.
• 1.618 XA projection as the defining limit with the structure.
• C point with a range between 0.382 and 0.886.
For the Crab pattern, this pattern is also NOT eligible because the price slightly moved upward of the 61.8% of B point.
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Let's directly point to the important factors of Fib Retracement:
- 1.618 BC projection at 20215
- 1.618 AB=CD at 21499
- "D" point of XA retracement at 1.13 at 21750
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Elliott Wave Analysis for Bitcoin: (Elliot Wave, 5th Wave ca be predicted 19299 nearby.)