BTC Fractals Analysis - May 18
IF this pattern continues for BTC:
1. Drop to 7.8k support zone
2. Bounce up to retest 8.9k
3. Double bottom rejection as a bear pennant confirmed instead
4. RSI divergence, bear evidence mounting
5. Steep decline/panic down to point "D" (6.9-7.2k)
Plan on this being wrong.
1. Drop to 7.8k support zone
2. Bounce up to retest 8.9k
3. Double bottom rejection as a bear pennant confirmed instead
4. RSI divergence, bear evidence mounting
5. Steep decline/panic down to point "D" (6.9-7.2k)
Plan on this being wrong.
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Related publications
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.