BTC Cheat Sheet (S&P 500 fractal) {Still in Play} Continuation
BTC has broken inside the descending triangle from the May crash. Similar to the SP500 Fractal we have went below the descending triangle but have not closed below it and currently BTC is trapped inside.
As the previous post forecast:
(BTC attempted to break to the down side of the descending triangle (bear trap) where a lot of stop losses were trigged causing further downside. This will have a result of BTC falling below the May lows and completing the ABC correction).
According to the fractal, BTC can stay within the descending triangle or go slightly lower and we are awaiting an engulfing candle to show signs of reversal.
it is expected that a clean break outside of the descending triangle to the upside will continue the bull run for BTC.
Please go back to my previous charts to see how we were tracking this pattern starting from the May crash.
If you are interested in more updates you can find me on my social channels where I explain my thoughts on why the market is is undergoing the ABC correction.
Thanks.
As the previous post forecast:
(BTC attempted to break to the down side of the descending triangle (bear trap) where a lot of stop losses were trigged causing further downside. This will have a result of BTC falling below the May lows and completing the ABC correction).
According to the fractal, BTC can stay within the descending triangle or go slightly lower and we are awaiting an engulfing candle to show signs of reversal.
it is expected that a clean break outside of the descending triangle to the upside will continue the bull run for BTC.
Please go back to my previous charts to see how we were tracking this pattern starting from the May crash.
If you are interested in more updates you can find me on my social channels where I explain my thoughts on why the market is is undergoing the ABC correction.
Thanks.
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