Eventual Crab pointing to previous Highs around 318 // IF=THEN ®

٢٨ أغسطس ٢٠١٥

BTCUSD Bearish Crab

Previous published idea (The Daily Bat):

Bearish CRAB:

Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Target:
TP1 61.8% CD
TP2 127% CD

Note*
This study is taking in consideration a rejection around 236.50 (resistance) and the beginning of a retracement that could reach the 88.6% from AB leg and above all, the point X to A as an impulse leg (strange one, indeed).

Ratios:

Safe trades;