www.tradingview.com After a strong move down that includes 3-4 legs(usually the last one remains bigger than others, easy for confirmation), creates a small range. Breaks above and turns into a faker to breaks below the range to wipeout trades from both ends. However, it doesn't break the low that was created by the lat bigger leg. Once this pattern is formed and...
On BTC daily, clearly Broken trend is turnout to be a faker. As BTC hasn't made higher high(to beat earlier high was 10500 on 13th Feb), it is likely to make new lower low(to go below the current recent low of 8100 made on 10th May). Likely expected bounce around 7600 area(Thanks to strong support created by 23rd Nov to 05th Jan platform and a supported fib 0.382...
