Everyone loves a $BTC fractal
Picture is self explanatory. These peaks and troughs are identical to the ones we had prior to the breakthrough of the 10.5k neckline.
Movement again feels bearish just like it did prior to the breakthrough. What people are overlooking is RSI. Look at the reset it had from the current run already without losing price, and identical pattern it had from the previous highs.
What's next? Slow grind up to retest 12k. Probable denial, sharp decline back to current 11.5k/11.6k. Slow leak down/sideways to 11.1k area while RSI and MACD round out their bottom then next leg up to 13.1-13.3k. Invalidation for me on this fractal is the loss of 10.8k.
Movement again feels bearish just like it did prior to the breakthrough. What people are overlooking is RSI. Look at the reset it had from the current run already without losing price, and identical pattern it had from the previous highs.
What's next? Slow grind up to retest 12k. Probable denial, sharp decline back to current 11.5k/11.6k. Slow leak down/sideways to 11.1k area while RSI and MACD round out their bottom then next leg up to 13.1-13.3k. Invalidation for me on this fractal is the loss of 10.8k.
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