CryptoBull17

AB=CD Fibonaci pattern Blok gonna pump!

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CryptoBull17 Uppdaterad   
KUCOIN:BLOKUSDT   Bloktopia / Tether
We see AB=CD pattern at daily chart with Decreasing volume . We find support at 0.618 fibonacci level to find C.
The bearish AB = CD is a Fibonacci based pattern, meaning Fibonacci ratios determine the turning points. Formula: D = (B – C)/ Ratio + C=(0.178-0.058)/0.618+0.058=0.25217$
How often does price reach or exceed D? 95% of the time.One of the best performing strategies. 57% of the time price goes more than the D target.
AB is 25 days so CD should be in perfect pattern execution also around 25days which is 7th December 2021. This could differ greatly also like D price. But we are with 95% security going to at least 0.25217$.
Also golden cross on MACD will happen next few days.
Mega bullish on BTC!

Bulkowski, Thomas N.. Encyclopedia of Chart Patterns (Wiley Trading) (Kindle Location 3643). Wiley. Kindle Edition.
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Now golden cross on MACD happens. Also good entry point!

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