BTC saw a very weak and slow hourly oversold bounce start last night and get a boost up this morning on a big 5 min candle.
Zoom out to the 4 hour chart for Anti-FOMO as it is very clear we are setting a lower high after coming off a new low.
Still patient and watching for a potential break of $8k support to trigger some stops.
We will need a 4 hour higher low and higher high to change momentum back to the bulls on this time frame.
Last day of Consensus today and I will be curious to see if there is a "now what" bearish reaction.
Daily bear flag was confirmed, but the size of the lower wick on today's candle will be telling as to follow through or lack of it.
Personally just had a couple ETH orders fill and I took the profit last night to get some sleep.
Zoom out to the 4 hour chart for Anti-FOMO as it is very clear we are setting a lower high after coming off a new low.
Still patient and watching for a potential break of $8k support to trigger some stops.
We will need a 4 hour higher low and higher high to change momentum back to the bulls on this time frame.
Last day of Consensus today and I will be curious to see if there is a "now what" bearish reaction.
Daily bear flag was confirmed, but the size of the lower wick on today's candle will be telling as to follow through or lack of it.
Personally just had a couple ETH orders fill and I took the profit last night to get some sleep.
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Disclaimer
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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.