Fractal Pattern in BTC? Similar last May-July 2021
After looking in a 1 Day graph of BTC i saw a fractal pattern
I just check the volume as well and draw a simple support and resistance
i can see some similar pattern like what happened last year
Now, if BTC continue to drop below 34k$ this might not be valid or if goes a little down to 34k$ and reverse, i can consider this chart will be valid since a possible spring might happened.
Once there will be a reversal and the volume dictates that we have a high volume of buyers , we can see a possible pump in BTC. Now we have lots of order block below the 34k$ , we need to check some signals for this.
As of now, in this chart i just focus in the fractal pattern i saw. No fancy analysis. later on, ill update you about this.
Please use this as a guide, yet do your own Technical analysis and decision in your trade.
I just check the volume as well and draw a simple support and resistance
i can see some similar pattern like what happened last year
Now, if BTC continue to drop below 34k$ this might not be valid or if goes a little down to 34k$ and reverse, i can consider this chart will be valid since a possible spring might happened.
Once there will be a reversal and the volume dictates that we have a high volume of buyers , we can see a possible pump in BTC. Now we have lots of order block below the 34k$ , we need to check some signals for this.
As of now, in this chart i just focus in the fractal pattern i saw. No fancy analysis. later on, ill update you about this.
Please use this as a guide, yet do your own Technical analysis and decision in your trade.
Comment:
@Aadil1000x I agree with ur chart and this is the possible thing might happened. Thanks for your analysis as well
