฿ Bitcoin BTC/USD Daily Video, March 30, 2020

kris82

Private
Messages
13
Thanks for analysis. Don't you think that idea of butterfly is not valid? In harmonic patterns there are some rules either and point B should be max 78.6% retracement from XA I think. Let me know your opinion and if you already seen butterflies with this kind of B location.
 

Sive Morten

Special Consultant to the FPA
Messages
13,399
Thanks for analysis. Don't you think that idea of butterfly is not valid? In harmonic patterns there are some rules either and point B should be max 78.6% retracement from XA I think. Let me know your opinion and if you already seen butterflies with this kind of B location.
Hi Kris, this is "preferable" conditions, 61.8% is even better than 78.6%, but Butterfly is treated broken if price action leaves initial XA swing. Until this is not happened - butterfly is valid.
 
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