BTC had one last push for the bulls yesterday just after the video posted, that lasted all of about 4 minutes before a clear rejection for the 6th time in the last 2 weeks from the low $6,800s and a complete turn around to a break of 4 hour support.
This led to a very bearish overnight dump to oversold conditions on most time frames.
We are currently still trying to see hourly RSI cool off on a bounce.
Only hope for the bulls here is for a daily inverse Head and Shoulders Reversal pattern.
The more we pull back on the daily, the more likely for a daily equilibrium.
Daily EMA 12 and 26 never got the bulls cross, and the bears are back to complete control on all time frames.
It is up to the bulls to PROVE any strength to us from this point, as shorts are back to being comfortable.
This led to a very bearish overnight dump to oversold conditions on most time frames.
We are currently still trying to see hourly RSI cool off on a bounce.
Only hope for the bulls here is for a daily inverse Head and Shoulders Reversal pattern.
The more we pull back on the daily, the more likely for a daily equilibrium.
Daily EMA 12 and 26 never got the bulls cross, and the bears are back to complete control on all time frames.
It is up to the bulls to PROVE any strength to us from this point, as shorts are back to being comfortable.
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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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.