BTCUSD - Harmony Pattern - Cypher
Comparing with the standards of the Cypher pattern, we see many matches (in %):
AB/XA = 58.6 belongs to [38.2;61.8]
BC/AB = 113 belongs to [113;141]
CD/BC = 127.2 belongs to [127.2;200]
CD/XC = 78.6 to be exact.
DE can be expected at the 38.2 ~ 37K or 61.8 ~ 50K retracement levels.
I don't understand why it coincides, interesting, but there is still a problem that the price range is too large compared to the bottom price (3.8K - 69K), the application of an arithmetic scale is not supported when considering the ratio wave.
If following this pattern, C is the top of wave 5 of the last cycle.
AB/XA = 58.6 belongs to [38.2;61.8]
BC/AB = 113 belongs to [113;141]
CD/BC = 127.2 belongs to [127.2;200]
CD/XC = 78.6 to be exact.
DE can be expected at the 38.2 ~ 37K or 61.8 ~ 50K retracement levels.
I don't understand why it coincides, interesting, but there is still a problem that the price range is too large compared to the bottom price (3.8K - 69K), the application of an arithmetic scale is not supported when considering the ratio wave.
If following this pattern, C is the top of wave 5 of the last cycle.
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