Swing Trading Review - BTC/USDT 1H Harmonic Pattern Setup

Over the past three days, $BTC price structure on the 1-hour timeframe has formed a clearly defined Cypher Harmonic Pattern with a fully validated X-A-B-C-D sequence. Let's break down the calculation transparently. Point X sits at around $78,300 as the initial swing low, from which price rallied to form Point A at $82,600 with a 0.839 ratio from the XA leg. Price then pulled back to Point B at $79,500, which represents a 0.68 retracement of XA, before pushing back up to Point C at $82,000 as a 1.217 extension of AB a ratio that confirms the validity of this Cypher Pattern.
Point D as the entry zone sits at around $80,100, representing a 0.804 retracement of the XC leg. Running the Fibonacci numbers, the XA range is 82,600 - 78,300 = 4,300 points. The 0.5 retracement of XA gives us 78,300 + (4,300 × 0.5) = $80,450 as the first entry zone, and the 0.618 retracement gives us 78,300 + (4,300 × 0.618) = $80,957 as the second entry zone. The first profit target sits at $81,465 with a potential gain of 1,365 points from entry, while the second target at $82,149 offers a potential of 2,049 points. Stop loss is placed below Point D at $79,300, delivering a Risk/Reward ratio of 1:2 to 1:3 a very favorable setup

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