BTCUSDT Butterfly Pattern in Wykoff distribution
The Gartley pattern for daily Chart of Bitcoin tether resemble W pattern, that All of swings are interrelated and associated with Fibonacci ratios.
Point B closed bellow 0.618 fibo,
Point D maybe with ration of 0.768 ration will be close in above first resistance in 56895 , and with point at 1.27 ratio above X point in 74863 will be closed, now in Phase (D) wykoff pattern distribution,
with this trend first resistance is 51780.
Point B closed bellow 0.618 fibo,
Point D maybe with ration of 0.768 ration will be close in above first resistance in 56895 , and with point at 1.27 ratio above X point in 74863 will be closed, now in Phase (D) wykoff pattern distribution,
with this trend first resistance is 51780.
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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.