If you check my previous BTC ideas, you will see this fractal repeating during this whole bull run a couple of times.
Details are written in the chart.
To sum it up:
- Hidden Bullish Divergence on Monthly and Weekly Timeframes
- Higher low in the making (Stil technically a bull trend)
- They somehow managed to produce massive fear near support levels again
- Channel support
- 88% Fib level retrace
- Same Fractal repeating during this whole bull run
- Daily RSI bearish trenline broken
Details are written in the chart.
To sum it up:
- Hidden Bullish Divergence on Monthly and Weekly Timeframes
- Higher low in the making (Stil technically a bull trend)
- They somehow managed to produce massive fear near support levels again
- Channel support
- 88% Fib level retrace
- Same Fractal repeating during this whole bull run
- Daily RSI bearish trenline broken
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.