BTC on the 4 hour visual looks like a bear flag as we had a bull break o resistance and completely turned around bearish right after.
Still not liking the trading within this range... so we wait and do not trade until conditions get more favorable.
Sitting on our hands can be hard, but this is a great time to invest time into learning more.
People say "If I only knew then what I know now", well this is preparation for the weekly EQ break that is coming.
I will not likely make any trades again today, as the bulls have lots of proving to do to give confidence.
I will start to get interested in looking for oversold bounces on an $8k break though RSI levels will be important of course.
Lack of volume and liquidity is what allows of 1 min candles to shape the charts.
Still not liking the trading within this range... so we wait and do not trade until conditions get more favorable.
Sitting on our hands can be hard, but this is a great time to invest time into learning more.
People say "If I only knew then what I know now", well this is preparation for the weekly EQ break that is coming.
I will not likely make any trades again today, as the bulls have lots of proving to do to give confidence.
I will start to get interested in looking for oversold bounces on an $8k break though RSI levels will be important of course.
Lack of volume and liquidity is what allows of 1 min candles to shape the charts.
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