TheChartGuys

BTC Burden of Proof on the Bulls

COINBASE:BTCUSD   比特币
As I talked about in the video yesterday, we MUST see a 4 hour higher low and higher high, otherwise the bears keep control.
We are currently rejecting from EMA resistance on the 4 hour, and keeping multiple daily inside bars in a tightening range.
Currently back to all cash and patiently waiting for more clarity on the daily time frame.
Bears are using EMA 4 hour resistance as a guide, and bulls are clinging to the hopes we do not see another leg down when daily inside bars break.
If not already in a position I personally do not like entry in this sideways channel.
No shame in patiently waiting for clarity to come out of a tight or unclear range.
I will likely not be playing crypto again in the near term future as the weekly equilibrium continues to tighten.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。