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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