⬇️Looking at the BTW chart, a familiar scenario immediately comes to mind. This asset has a clear habit of drawing the same fractals. Every powerful rally is followed by a sell-off, and right now we’re seeing exactly the same pattern.
After the first peak, the market had already moved down, shaking out the hotheads, and then made a second high. But buyers ran out of steam again, failed to hold their gains, and gave back the entire move. The chart is stalling, red candles are pushing lower one after another, and technical indicators are confidently signaling that the correction will continue.
History likes repeating patterns, and if this fractal plays out like clockwork, further downside is inevitable. A target around 1.70 looks entirely logical and justified. That’s where a strong support zone lies, from which the market has bounced before.
Some are trying to catch falling knives, but sellers are still firmly in control. Buying now looks extremely risky, while a move toward the 1.70 target is becoming increasingly likely.
$BTW
After the first peak, the market had already moved down, shaking out the hotheads, and then made a second high. But buyers ran out of steam again, failed to hold their gains, and gave back the entire move. The chart is stalling, red candles are pushing lower one after another, and technical indicators are confidently signaling that the correction will continue.
History likes repeating patterns, and if this fractal plays out like clockwork, further downside is inevitable. A target around 1.70 looks entirely logical and justified. That’s where a strong support zone lies, from which the market has bounced before.
Some are trying to catch falling knives, but sellers are still firmly in control. Buying now looks extremely risky, while a move toward the 1.70 target is becoming increasingly likely.
$BTW