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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.