Bitcoin 2-day chart Fractal

On the front page of tradingview.com you’ve got Alex Honnold’s free solo of El Capitan. Childs play compared to the emotional control employed by the 10%.

As the market panics, the contrarians were shopping.

1) On the 2-day chart above the Bar chart chart pattern from January through April 2023 is taken and overlapped present day price action. Notice how the 2-day/50-day SMA acts as support in both instances?

2) The 2-day Fractal of the Gaussian channel (below). The previous correction is matched not only on the channel itself but also RSI and Stochastic RSI conditions.

Ww


2-day Gaussian channel support fractal

Yorum:

This trade becomes active WHEN the weekly candle closes above 40k. That is this Sunday.

İşlem aktif:

Not only did price action close the weekly candle above 40k, it did so with strong demand.

Short sellers beware!

Weekly close