Observation of a repeating pattern on the daily chart
There have been a lot of repeating patterns on BTC lately, some bearish some bullish. This is the one that stuck out to me as most possible.
Waiting on confirmation that the trend line from 10.5 K holds and we get a lower close today. I dont believe it will go lower than 4k.
Not financial advise. Anyways, my first published chart so I look forward to peoples thoughts and comments.
Waiting on confirmation that the trend line from 10.5 K holds and we get a lower close today. I dont believe it will go lower than 4k.
Not financial advise. Anyways, my first published chart so I look forward to peoples thoughts and comments.
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We need a clear break below the daily 50-ma support of 6880 and this may still playout. if the support holds, and we dont close below, I believe this is invalidated and a long entry should be considered.
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Seems the whales have been trying to test everyones patience by drawing us out in a sideways move to see who is confident in their analysis and who is scared. I am holding to this fractal analysis and think we will see another dump in the next days.