Another Fractal, A Little More Down Before We Go UP!
So watching the charts over the past week, the price action felt very familiar like it has happened before. I'm a big believer in fractal patterns and looking between early June thru mid July, the movements are uncannily similar. The MACD and even the RSI looks alike!
Aside from fractals, the price action has been indecisive over the past week. We did see a nice bounce early on from $6200 to $6500 indication a reversal but last nights sell off quickly changed my mind. I dont believe we are out the downtrend just yet and we are about to see the worse before moving upwards again.
Stay posted, well see how this pattern plays out.
Aside from fractals, the price action has been indecisive over the past week. We did see a nice bounce early on from $6200 to $6500 indication a reversal but last nights sell off quickly changed my mind. I dont believe we are out the downtrend just yet and we are about to see the worse before moving upwards again.
Stay posted, well see how this pattern plays out.
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