Strange similarity between BTCUSDT 4H and USDJPY 3M

3 gru 2022

I found some intriguing similarities between the BTCUSDT 4h-TF chart and the USDJPY 3M-TF chart.

Although one is a chart of a short to middle timeframe, and the other is of the very long term, the similarity tells something of how a price conversatio shapes under a significant, horizontal supply zone.

Regardless of whether they are the bottom formations or the variations of the bear flag, I read an Elliott-wise flat correction from both charts- what would you think?

For my detailed analysis of both currency pairs, please look at my previous ideas of the links below.