- Price has reached a range where it was previously in a pennant ie. there was uncertainty around this range, so not too surprised to see price chop a bit here with a lot of mixed signals looking at the 4H candles in this area. - It hit bear channel resistance after recovering from a two week low of ~6k to a little less than 12k. Almost a 100% rally, not bad. - We're short term neutral to bearish, currently not holding anything and looking for a re-entry of 30% buy positions/ladder around the 0.382, 0.5, 0.618 fib levels.
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Dropped the fib buys and eyeing this measured move:
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Entry around 9320 missed and not going to FOMO join this just yet.