BTC bulls are starting their bounce attempt on the 4 hour time frame, which is keeping daily inside bars intact.
Bulls are still in control of the daily chart as long as EMA12 is support, which will be tested if we see in inside bar bear break.
If bulls control the morning we will likely have to wait until tomorrow for these ranges to break.
Watching for potential clues in ETH and LTC which have been lagging behind BTC in strength recently.
Bears have clear stops if looking to top fish recent resistance, but I personally would wait for more sign of weakness on the daily before looking for a bearish entry.
A poll on twitter with about 2.5k responses had 2/3 say bottoms are in, and 1/3 saying lower lows are coming.
Bulls are still in control of the daily chart as long as EMA12 is support, which will be tested if we see in inside bar bear break.
If bulls control the morning we will likely have to wait until tomorrow for these ranges to break.
Watching for potential clues in ETH and LTC which have been lagging behind BTC in strength recently.
Bears have clear stops if looking to top fish recent resistance, but I personally would wait for more sign of weakness on the daily before looking for a bearish entry.
A poll on twitter with about 2.5k responses had 2/3 say bottoms are in, and 1/3 saying lower lows are coming.
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