How about a bullish butterfly pattern on Bitcoin chart ? Can it be the reversal pattern on long term ? See the comments below for more info
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This is weekly RSI , never below 28.19 ! But now we have about 1 day and 5 hours until the weekly candle closes. Current level is 24.8
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Targets and resistances and stop loss on bullish butterfly in classic view.
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Stop loss in classic harmonic point of view is defined to set below point D ! So for this chart I just draw a horizontal bay in case of completing chart layout . Setting a stop loss on harmonic patterns in crypto market which is a high volatile market is depended on you and your analysis outcome .