BTC has rejected from this resistance 3 times now as it remains our guide.
The 4 hour chart is currently a potential bear flag again and we will be watching for the drop to a lower low and bounce play.
This is when we see a break of support and quick buying of the dip to get the bounce going.
I personally do not play those moves bullish as hey usually happen very quickly and are risky to try and time.
Even if we get over 4 hour EMA resistance, we will just zoom out to the daily and look for a lower high.
Bears are still extremely comfortable as we are currently about 10% from our recent weekly lows.
The 4 hour chart is currently a potential bear flag again and we will be watching for the drop to a lower low and bounce play.
This is when we see a break of support and quick buying of the dip to get the bounce going.
I personally do not play those moves bullish as hey usually happen very quickly and are risky to try and time.
Even if we get over 4 hour EMA resistance, we will just zoom out to the daily and look for a lower high.
Bears are still extremely comfortable as we are currently about 10% from our recent weekly lows.
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.