BTCUSDTHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
BTC has gets rejected from the range's high and the rejection has caused fractal similarities between the current structure and early August's range above. Based on the data we have, 5 points make the fractal valid and the current formation has shown 4 of them.
So, There can be only one more fractal point to follow and it can initiates more buy triggers into the 4H Demand if
BTC sweep below the Swing Lows | Equal Lows. Also, If the current movement follows the inversed fractal,
BTC might have a double convergence into the 4H Demand and then takes off to retest the S/R line zone, and the bearish basement formed on $23400.Although, If
BTC manages to break below the 4H Demand, Then we can expect more bearish momentum to come...Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
Helical_Trades
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.