BTC 2H Continuation or Rejection ahead?
Price is at the 0.5 Fib for both a bullish and bearish retrace pull.
See green box
Possible pattern overlay would indicate a fast move down soon. Assuming price gets rejected at the 0.5 or golden pocket 0.618 to 0.786 in yellow. Price could go through distribution in that range before the big move down. Or it could go through accumulation for the big move up. Volume and candle action would be used as leading indicators.
First time sharing off a dual chart view. Chart on the right is the daily.
2H on the left.
See green box
Possible pattern overlay would indicate a fast move down soon. Assuming price gets rejected at the 0.5 or golden pocket 0.618 to 0.786 in yellow. Price could go through distribution in that range before the big move down. Or it could go through accumulation for the big move up. Volume and candle action would be used as leading indicators.
First time sharing off a dual chart view. Chart on the right is the daily.
2H on the left.
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