Currently very patient and waiting for the BTC bulls to prove strength by breaking the double top of resistance.
We just broke a tightening 4 hour pattern bullish, but were unable to see the continuation needed to enter another leg up.
The bears are still in control as long as we are rejecting from daily EMA resistance.
The bulls can still form a 4 hour higher low today and keep themselves within striking distance.
A loss of 4 hour higher lows would put the bulls back in full control.
Plays are for bears to enter and top fish under resistances, and bulls can look for a 4 hour higher low to enter on.
I am personally still all cash and patiently waiting. No clarity means trade less and wait for clarity!
We just broke a tightening 4 hour pattern bullish, but were unable to see the continuation needed to enter another leg up.
The bears are still in control as long as we are rejecting from daily EMA resistance.
The bulls can still form a 4 hour higher low today and keep themselves within striking distance.
A loss of 4 hour higher lows would put the bulls back in full control.
Plays are for bears to enter and top fish under resistances, and bulls can look for a 4 hour higher low to enter on.
I am personally still all cash and patiently waiting. No clarity means trade less and wait for clarity!
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