After the big bull day, we have not see any sign of convincing bulls since.
We have consolidated for 5 days now and the attempt yesterday to bounce off EMA daily support was crushed back down.
This is not a convincing bull move unless we see another leg up over $3,711, which will need to happen by this weekend.
If it does not, we will continue to set lower highs and lower lows until we give the whole move back.
Bulls are remaining very patient here and keeping an eye out for abnormal volume without a lot of price movement, signaling the potential bull move incoming.
Bears are using 4 hour lower highs or $3,711 as their stop and trying to see daily higher lows lost.
I am currently all cash and patiently watching the tightening weekly chart on BTC.
Lots of alt coins seeing more bullish action like BNB, DASH, NEO, etc.
We have consolidated for 5 days now and the attempt yesterday to bounce off EMA daily support was crushed back down.
This is not a convincing bull move unless we see another leg up over $3,711, which will need to happen by this weekend.
If it does not, we will continue to set lower highs and lower lows until we give the whole move back.
Bulls are remaining very patient here and keeping an eye out for abnormal volume without a lot of price movement, signaling the potential bull move incoming.
Bears are using 4 hour lower highs or $3,711 as their stop and trying to see daily higher lows lost.
I am currently all cash and patiently watching the tightening weekly chart on BTC.
Lots of alt coins seeing more bullish action like BNB, DASH, NEO, etc.
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