As we can see on bitcoin chart(Bullish AB=CD Harmonic Pattern)
Point A: Starting point
Point B: End of the first down swing
Point C: 61.8% retracement of A_B leg
Point D: Extention of 127% of the B_C leg.
Point A: Starting point
Point B: End of the first down swing
Point C: 61.8% retracement of A_B leg
Point D: Extention of 127% of the B_C leg.
Note
bitcoin price reached the first target zone(0.382 retracement of AB---40400)the second target zone(0.618 retrecement---41 600)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.