Inverted BTC chart looks very similar to the BTC chart of November-April:
We have the same Ascending Triangle and the first breakout occurred on September 24, which is the equivalent of April breakout. Right now we are consolidating above 200-Day EMA, which looks like a Bull Flag.
We’ve tried to break the major resistance at 7800-7900 on the inverted one for the fourth time, which usually tells us that eventually it’s going to break.
Pay attention to another detail: Golden Cross is incoming like back in April! (but since the chart on the left is inverted, it is actually the Death Cross for the current environment)
If we don’t have enough momentum to break the resistance right now, we may bounce into the Death Cross, which is a pretty textbook sell.
What do you think about this fractal? Share your thoughts in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
We have the same Ascending Triangle and the first breakout occurred on September 24, which is the equivalent of April breakout. Right now we are consolidating above 200-Day EMA, which looks like a Bull Flag.
We’ve tried to break the major resistance at 7800-7900 on the inverted one for the fourth time, which usually tells us that eventually it’s going to break.
Pay attention to another detail: Golden Cross is incoming like back in April! (but since the chart on the left is inverted, it is actually the Death Cross for the current environment)
If we don’t have enough momentum to break the resistance right now, we may bounce into the Death Cross, which is a pretty textbook sell.
What do you think about this fractal? Share your thoughts in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
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🚀💰 REGISTER HERE AND GET UP TO $30,000 WELCOME BONUS -> partner.bybit.com/b/cryptobullet
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