I'll assume people are now seeing what I saw last night. The tip of the butterfly's right wing would near the 200SMA before (probably) getting clobbered down by it. I am really hoping that we don't reach target 2 because that brings us into "crypto winter" multi-year stall-out zone. For this market to attempt a rally and close 2018 on a high, I think our best hope is that we bounce back up after hitting target 1.
I've redrawn the butterfly to match exact specs:
X - B: 76.0%
B - D: 186.3%
X - D: 132.7%
A - C: 86.5%
Good Luck!
I've redrawn the butterfly to match exact specs:
X - B: 76.0%
B - D: 186.3%
X - D: 132.7%
A - C: 86.5%
Good Luck!