Everyone is looking feverishly for a bullish pattern
. The MACD
above 0 is the only break in this fractal
continuation pattern so far. If price doesn't assertively move to the upside, or break the fractal
pattern, I'm not convinced we are out of the woods yet. BTCUSD
is still in for a downtrend if this pattern holds. Target remains 720 for the bounce while we watch closely for a breakout signal.