Long

BTC USD Bullish Butterfly (CD leg)

Updated

BTC is at a very important point. Currently it sits on 38.2 which is also this weeks central pivot, this could very well be C and if so then the next logical place for price to go it D at 1.272 (1st arrow) or 1.618 (2nd arrow). Should price get down then the pattern could go to 1, 2 or 3 price targets.

If you are feeling adventures you could short from C down to D. Just remember to place a stop.

Note

price bummped up into weekly central pivot and is now heading down towards D... lets see if it gets there. If it breaks 9266 then that is very likely.

Note

Price is now very close to X, if price breaks that its likely going to at least the 1.272 ext D at $8231. Good news is the monthly pivot is far above as is weekly pivot from couple of weeks ago.

Note

D at 1.272 has been reached, we have had a bounce and a higher low, looking good so far

Gmanns777

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