We are clearly seeing "Defense bots" where the price hits a certain level in the $3,500s and the market buy bots kick in.
This has happened 3 times now and the bounces are smaller every time.
We are fading back towards support and being driven down by 4 hour EMA 12 resistance.
Bulls have 0 momentum unless we get over these resistances.
The bears are on offense and the bulls are doing everything they can to prevent lower lows.
We will likely see a clear break within the next 24 hours.
Consensus: Invest (conference) starts today, and is something to keep an eye on as shorts remain confident.
This has happened 3 times now and the bounces are smaller every time.
We are fading back towards support and being driven down by 4 hour EMA 12 resistance.
Bulls have 0 momentum unless we get over these resistances.
The bears are on offense and the bulls are doing everything they can to prevent lower lows.
We will likely see a clear break within the next 24 hours.
Consensus: Invest (conference) starts today, and is something to keep an eye on as shorts remain confident.
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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.