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A case for both Bears & Bulls (Fractal Repetition or Bear Trap?) for INDEX:BTCUSD by RandomOracle

Noticed that $BTC is potentially repeating a pattern that we’ve all seen recently…
We could be seeing either:
– A highly coordinated bear trap..
or
– A continuation of the current correction..

Thoughts??
*moved the pattern down a bit to make it easier to see*

Now while pattern similarity doesn’t necessarily mean guaranteed PA (Price Action) this is still a concern to keep in mind…

A side note However, is the US and Asian Stock Markets have been quite undecided as of late, maybe we see a correction on them which causes a drop in crypto (due to the correlation) ?

Here are my current thoughts:

^Above is the fractal shown

Now taking into account some of my previous charts on the stock indices, We could see a correction from them which causes Bitcoin to finish off this fractal it’s been painting?

Here is a combined ticker on global stocks:

Having a look at SPX we can see a potential bearish setup also as it’s currently breaking down:

And we have a similar situation for the following 3 indices:

Bearish setups and/or bearish breakdowns..

With the potential correction on various stocks, this could complete the fractal for BTC as shown in the chart…

or

It’s just one major and elaborate bear trap before a major bullish continuation…

A well thought out bear trap makes sense from a Macro point of view also!

However, Only time can tell from here, But it’s good to keep in mind this fractal & the information above.. Good luck!

Related Ideas below:

Some food for thought that’s for sure… What are your thoughts??

*Symbol tags below, Ignore these*
INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM
SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX

*Symbol tags above, Ignore these*

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