Noticed a Strange Pattern with BTC...
I dont usally specialize in Butterfly Patterns, but i strangely noticed these patterns popping up from time to time at the BTC chart.
The first Bullish butterfly appeared in February and ended in around mid - April, where another Bullish started forming.
I tried recreating the first butterfly Pattern, to the one that is currently forming, to see where the price might ago.
The red trendline is touching 0.68 fibonacci line which is a strong support area. From there the price might spike to support around 9700-10000 USD area.
If the pattern is to fully finish, the price would retouch the 6k level. I dont think that is likely, as the support trendline would be very hard to break.
Cheers
The first Bullish butterfly appeared in February and ended in around mid - April, where another Bullish started forming.
I tried recreating the first butterfly Pattern, to the one that is currently forming, to see where the price might ago.
The red trendline is touching 0.68 fibonacci line which is a strong support area. From there the price might spike to support around 9700-10000 USD area.
If the pattern is to fully finish, the price would retouch the 6k level. I dont think that is likely, as the support trendline would be very hard to break.
Cheers
交易進行
註釋
As the picture above states. My 1st buy target is reached. The 2nd buy target is an ABC pattern, which completed ends at 1.27 (Price: 7500) level.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。