The harmonic pattern shown is a cypher on the Bitcoin weekly timeframe. The chart shown is a daily line chart set on closing price, this is intentional to show the harmony between the sell and buy side.
We have a drop from X to C taking 168 days. The rise in price took 84 days. I will leave you to do the math and work out the relationship.
I believe we see a bigger than expected drop to 54k give or take. I have seen lots of 74k predictions but due to many external factors a sharp drop to 54 seems more in order.
We have a drop from X to C taking 168 days. The rise in price took 84 days. I will leave you to do the math and work out the relationship.
I believe we see a bigger than expected drop to 54k give or take. I have seen lots of 74k predictions but due to many external factors a sharp drop to 54 seems more in order.
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