Bitcoin has been thrown back into the horizontal pattern that it had previously broken out of and held support. The TSI has held around the 23 level on the Bjorgum TSI for the second time in a row after a dip below. On the chart, I have overlayed a bar pattern of what happened the last time this fractal occured, which gives a target to the red line in price action repeats itself.
Although it most likely will not exactly repeat itself, it is definitely a bullish signal in my eyes, showing strength in the maket and fits nicely on my trend lines and with the projected S/R
Although it most likely will not exactly repeat itself, it is definitely a bullish signal in my eyes, showing strength in the maket and fits nicely on my trend lines and with the projected S/R