Looks to me like this is potentially the final replication of the fractal everyone has been projecting to go to $4k and not able to punch through the Gan line at the .618 retrace. The tail of it could reach as low as the yellow trend line if we get there.
In this scenario, this is a strong reversal indication to me with the last portion of the pattern being mushed into a pancake. and proving the correction entirely out of steam and without selling to draw it lower. In the absence of a whale dumping an enormous amount of BTC to smash down the buy wall, I/m ready for some great gains on the table and a strong move up to follow
Trade closed: target reached
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In this scenario, this is a strong reversal indication to me with the last portion of the pattern being mushed into a pancake. and proving the correction entirely out of steam and without selling to draw it lower. In the absence of a whale dumping an enormous amount of BTC to smash down the buy wall, I/m ready for some great gains on the table and a strong move up to follow