BTC bottom at 2D 200MA?

4月9日

I think we're following the fractal of 2021 bull market, and I was looking for similarities between the consolidation phase that came after the sharp decline. And in fact, there are some similarities.

The first test of the 200MA on the 2D chart and the build-up of a bullish divergence with a fakeout below the trend line on the RSI. It's not exactly the same, but I would say it's very similar.

This week should give a good bounce from the 2D 200MA for the fractal to remain relevant. In case of a breakdown, this idea is canceled.

4月11日

交易進行

So far, this idea of a bottom around the 200MA on 2D looks good. Price has been forming this falling wedge and there could be another breakout attempt in the coming days.

Additionally, I see a lot of talk for another deep pullback inside this range or even a new lower low, but a scenario with a quick move up could take everyone by surprise.