What do mortals do in panic?
1. They stalk at price and literally dont do anything.
2. Then, they deny everything.
3. They fear to do anything, then to miss out.
4. They encourage themselves to participate, in panic.
Daily chart shows some clear signs of bear flag
F&G Increased in Consolidation from 19 to 22. That's extreme fear
Bitcoin wants to pullback a little bit too
But I am not taking the trade right now. I am just observing. If everything lines up, I will take the trade. Otherwise - nothing.
1. They stalk at price and literally dont do anything.
2. Then, they deny everything.
3. They fear to do anything, then to miss out.
4. They encourage themselves to participate, in panic.
Daily chart shows some clear signs of bear flag
F&G Increased in Consolidation from 19 to 22. That's extreme fear
Bitcoin wants to pullback a little bit too
But I am not taking the trade right now. I am just observing. If everything lines up, I will take the trade. Otherwise - nothing.
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Conclusion: my intradayanalysis is bullshit
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Work on errors
What if the next time we will take a look only on the range itself. When the range has become? When we have higher low
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Sorry, paste it twice occasionally
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Now, during this range shorts decreased