This is a 4h fractal based on 23/5 ethereum price action. Please consider this is not financial advice.
A bear scenario opposing to the bull scenario (yes, there are few). Just before out of the boredom zone. Enjoy.
Bitcoin BITMEX:XBTUSD had an impressive ~30% up move in the new year. The bullish scenario: Price moves towards the 0.5 fib level with a possible pullback at 9370. The Bearish scenario: Price rejection at 0.618 level and returns at 7k-sh range with a test of the lower levels. Leaning towards the bullish hypothesis. Possible retest at 8480 levels. If...
BITMEX:XBT Short term bullish. Then down continuation. #Notfinadvice