BTC oversold bounce from the dump was slow and lacked bull volume, looking to form just a 4 hour lower high.
I would not be surprised to see little follow through on a bear break initially as I believe a daily higher low bounce attempt is coming within the next day or two.
I currently do not like any bullish position entries as we are floating in the middle of the range from the bottom to the top of the daily bounce.
Patiently waiting for the daily range to tighten and give us some clarity rather than buy in hoping for a higher low.
Watching 4 hour EMA resistance as well, which has not yet been tested on this bounce.
I would not be surprised to see little follow through on a bear break initially as I believe a daily higher low bounce attempt is coming within the next day or two.
I currently do not like any bullish position entries as we are floating in the middle of the range from the bottom to the top of the daily bounce.
Patiently waiting for the daily range to tighten and give us some clarity rather than buy in hoping for a higher low.
Watching 4 hour EMA resistance as well, which has not yet been tested on this bounce.
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.