TheChartGuys

BTC Burden of Proof on the Bulls

COINBASE:BTCUSD   Bitcoin
As I talked about in the video yesterday, we MUST see a 4 hour higher low and higher high, otherwise the bears keep control.
We are currently rejecting from EMA resistance on the 4 hour, and keeping multiple daily inside bars in a tightening range.
Currently back to all cash and patiently waiting for more clarity on the daily time frame.
Bears are using EMA 4 hour resistance as a guide, and bulls are clinging to the hopes we do not see another leg down when daily inside bars break.
If not already in a position I personally do not like entry in this sideways channel.
No shame in patiently waiting for clarity to come out of a tight or unclear range.
I will likely not be playing crypto again in the near term future as the weekly equilibrium continues to tighten.

Checkout our full trading resources online www.chartguys.com

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.