BTC prediction
I usually dislike using fractals but this was just too obvious, especially taking into account how many people are excited about the current tilted "iH&S" and completely ignoring the last time it happened, just a couple of weeks ago. If the neckline isn't horizontal - it's not valid, it rarely ever works as an actual long term reversal signal.
BTC is in a bullish pennant right now, within C-Clamp, huge distance between tenkan and kijun - all the signs are pointing that it'll break up and touch kijun. This will in turn result in people calling for "iH&S breakout", don't fall for it. See what happened last time. The macro trend is still bearish, and will remain so while BTC is under cloud. The nearest prominent support is around $7866 - the confluence of VPVR support, flat cloud's edge on the daily, yearly pivot support. See you there.
BTC is in a bullish pennant right now, within C-Clamp, huge distance between tenkan and kijun - all the signs are pointing that it'll break up and touch kijun. This will in turn result in people calling for "iH&S breakout", don't fall for it. See what happened last time. The macro trend is still bearish, and will remain so while BTC is under cloud. The nearest prominent support is around $7866 - the confluence of VPVR support, flat cloud's edge on the daily, yearly pivot support. See you there.
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