BTC - Reciprocal AB=CD

6 мая 2018 г.

BTC is creating Reciprocal AB=CD pattern

What we have :
AB to C - fib 1.414

What we need :
BC to D - 0.707

Once we cross red line ( price move has to be confirmed ) BTC should go to point D without problems.

Point D is a reversal point so expect back to uptrend channel.
If BTC move up and exceed point C pattern become invalid.

This information is not a recommendation to buy or sell.

All trolls are welcome to post hateful comments as this helps me to bring my TA to wider audience.

7 мая 2018 г.

Заметка

0.618 reached few hours ago

7 мая 2018 г.

Заметка

Just to say that uptrend is very strong and we might not reach 0.707 Coinbase already showing massive divergence on 1H and AB=CD presented here was almost touching 1.61 fib at the top and in that case we would need 0.61 to make it complete. 0.61 was reached. I tray to be as accurate as possible and that is the reason why I qualified 1.41 instead of 1.61 as top. From now on I expect trend reversal back to main uptrend

7 мая 2018 г.

Заметка

Just to say that target after completing AB=CD should be 9700. That should be our first stop. From there we will see what chart is presenting. For now if we go up we go to 9700.
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