SUMMARY
Overnight, Bitcoin (BTC) has continued its price corrective action and it's quite healthy to see it doing so. I wanted to share with you a new fractal and so to cut to the chase, the below chart holds the white and yellow boxes. Note that the yellow box contains a Head & Shoulders pattern that didn't deliver the expected price decline; thus was invalidated. The volume also had NOT confirmed. Now, the yello box contains a potential fractal in development. Note that the LS and H are complete and the RS is still in progress. IF the fractal relationship is correct and holds; then, as the white arrow shows, higher highs are likely. Thus far, the white fractal also does not provide a volume confirmation.
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