First added two trendlines which showed me how the butterfly might be completed.
Added the pitchfork that seemed to perfectly fit.
Applied the fibo retracement and fibo extension after which I put two arrows who show what I think BTCUSD might do, which is go up to the 38.2 level of the fibonacci and there it will find an impenetrable resistance because both 38.2 levels from the retracement and the extension are at the exact same level
Then I added a big trendline and guess what, it touched the very point I think BTCUSD will get to.
Completion of the butterfly should be on march 22nd after which I think it will go up by more than 2200 pips.
This is only an idea and not a fact. I do hope BTCUSD does follow this analysis.
Added the pitchfork that seemed to perfectly fit.
Applied the fibo retracement and fibo extension after which I put two arrows who show what I think BTCUSD might do, which is go up to the 38.2 level of the fibonacci and there it will find an impenetrable resistance because both 38.2 levels from the retracement and the extension are at the exact same level
Then I added a big trendline and guess what, it touched the very point I think BTCUSD will get to.
Completion of the butterfly should be on march 22nd after which I think it will go up by more than 2200 pips.
This is only an idea and not a fact. I do hope BTCUSD does follow this analysis.