BTCUSD Inverse Bullish Short Term
12H inverse bulls. - note the stoch fractal.
I'm watching that RSI supportline also - it looks bit like a rising wedge.
I've also outlined what i consider a potential pathway for BTC price action over coming months if there is no bullish catalyst such as ETF approved to prevent the classical triangle pattern from playing out.
A narrative is thus; we pullback once again to low 6K area before squeezing shorts and spurring another bullrun / bull trap to mid 7K before going in search of the ultimate bottom for BTC (again. assuming no bullish catalyst)
I'm watching that RSI supportline also - it looks bit like a rising wedge.
I've also outlined what i consider a potential pathway for BTC price action over coming months if there is no bullish catalyst such as ETF approved to prevent the classical triangle pattern from playing out.
A narrative is thus; we pullback once again to low 6K area before squeezing shorts and spurring another bullrun / bull trap to mid 7K before going in search of the ultimate bottom for BTC (again. assuming no bullish catalyst)
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