This is classic day charting.. We see a Symmetrical Triangle that is quite tall with a 40% price hieght and also bears signature drop off..
So we have a traditionally (psycological) signal..
I am going to start documenting and back testing an old idea I have to further break Heartbeats up.. Basically is day peak buy or sell and is it U or /\
Here we see (BCHUSDT) Hearbeat Lightning Bolt with buy spike greater than sell spike in U formation.. Peak is greater than two times min (so isn´t PV).
The flatline means the bite has killed either the bulls or the bears and we await the ambush of the survivor...
This is a common formation as a whole and I´ve included a similar structure we saw on dash.. I call this consolidation because the flatline axis is at 0.382 fib or below..
We´re calling this the Rat Trap.. And we are assuming ..