This is a continuation of the previous post "BTC-Y20-P1-E20-Ranging-price-area-Fractal"
Observation: Previous fractal had convergence, here we have a bearish div., how and when this will effect the price action is the question. Thoughts: Buy zone or entry point for this would be above resistance line of present. Me, I already entered in the 9200s.
Recently someone pointed out that they have focus on the 12 EMA on the daily and how we track with it (tradingview.com/u/bitcointrader3764/) He made a good point.
Looking at the previous region last year, the 12 did play a role and as a strategy for entry to the 8 HRLY charts for the cradle-zone moves looks promising.
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Trying to pin point the next impulse resistance is difficult but could be very worthy. Which of these charts, if any resonate with you?.
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CME Gap, Maybe a wick to the downside and up she goes
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Bitcoin dominance heading south just a little more
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I was right about the CME Gap being filled with a wick.