ChainLink / BitcoinUpdated Link--Testing a Possible Fractal
Let's see if this fractal has any merit. At that first marked area it consolidated for 12 days before breaking up through resistance.
Two things can happen here:
1. The SIBOS conference is happening next week (23-26th September). Either real news from the conference pushes price up decisively, or....
2. Nothing comes out and price breaks down through the 300 EMA to the long uptrend line.
Either way, volume profile should provide early clues.
Two things can happen here:
1. The SIBOS conference is happening next week (23-26th September). Either real news from the conference pushes price up decisively, or....
2. Nothing comes out and price breaks down through the 300 EMA to the long uptrend line.
Either way, volume profile should provide early clues.
Note
An Idea, Nothing more. 
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Related publications
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.