Hello traders, following up from my three drives post for BTC/USD (chart is shown below), I'm now looking at a potential bullish 5-0 on the weekly timeframe.
If the three drives pattern fails to complete, the bullish 5-0 will be the favoured outcome.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I have drawn up this pattern before using a C point of 1.618, but it did not form until 2.24 and this is why I'm re-posting.
Thank you all for your continued support! Feel free to connect with me below.
If the three drives pattern fails to complete, the bullish 5-0 will be the favoured outcome.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I have drawn up this pattern before using a C point of 1.618, but it did not form until 2.24 and this is why I'm re-posting.
Thank you all for your continued support! Feel free to connect with me below.
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
