BTC dumped right after uploading my last video, and lost the daily uptrend.
We have been grinding hourly EMA 12 resistance on this bounce attempt and if it breaks bull we will zoom out to the 4 hour chart.
Currently a daily inside bar forming reflecting the tightening range.
The weekly chart is now in consolidation mode looking for a higher low after the weekly resistance double top.
Bears are back being comfortable in swing positions and bulls are patiently waiting to see if we are going to hold $3,337 key weekly support.
Remember anything is possible, including the potential that we break to lower lows this Summer.
Set game plans accordingly!
We have been grinding hourly EMA 12 resistance on this bounce attempt and if it breaks bull we will zoom out to the 4 hour chart.
Currently a daily inside bar forming reflecting the tightening range.
The weekly chart is now in consolidation mode looking for a higher low after the weekly resistance double top.
Bears are back being comfortable in swing positions and bulls are patiently waiting to see if we are going to hold $3,337 key weekly support.
Remember anything is possible, including the potential that we break to lower lows this Summer.
Set game plans accordingly!
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.