TheChartGuys

BTC Back to Test Support

COINBASE:BTCUSD   비트코인
BTC rejecting from downtrend resistance in the falling wedge, as well as daily EMA resistance.
We are now back to testing the low of the dump, which lines up with the down trending support of this pattern.
The bears still have complete control. In the video yesterday I highlighted some decent bull volume the last couple days that had caught my attention, and highlighted how the bulls need to prove strength to us with a high volume day and break of resistance.
Clearly this never happened, and no signals for bull entry were given.
The odds for another leg down are favored, and we are back to watching 4 hour EMA resistance on any bounce attempt.
If looking bullish we must be extremely picky and patient. Bulls who have tried time and time again to get in are just dwindling capital. I personally would rather miss the initial move off the bottom so I am sure the momentum as shifted, as opposed to continually trying to nail the bottom.

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
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.