Helical_Trades

BTC/USDT : Possible similarities

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT
Hello everyone 😃
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$BTC has gets rejected from the range's high and the rejection has caused fractal similarities between the current structure and early August's range above.
Based on the data we have, 5 points make the fractal valid and the current formation has shown 4 of them.

So, There can be only one more fractal point to follow and it can initiates more buy triggers into the 4H Demand if $BTC sweep below the Swing Lows | Equal Lows.
Also, If the current movement follows the inversed fractal, $BTC might have a double convergence into the 4H Demand and then takes off to retest the S/R line zone, and the bearish basement formed on $23400.

Although, If $BTC manages to break below the 4H Demand, Then we can expect more bearish momentum to come...

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@Helical_Trades

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