BTC Bears in control of shorter term time frame
We broke the 4 hour pattern bearish after a double top rejection at the resistance depicted above.
The daily is still healthy low volume, contained consolidation, but the "burden of proof" now lies on the bulls to break the trend and regain momentum.
After the lower lows have been set on the 4 hour we have to see higher lows and higher highs to change momentum back to bulls.
Picky with trades as long as bears have the upper hand.
The daily is still healthy low volume, contained consolidation, but the "burden of proof" now lies on the bulls to break the trend and regain momentum.
After the lower lows have been set on the 4 hour we have to see higher lows and higher highs to change momentum back to bulls.
Picky with trades as long as bears have the upper hand.
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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.