BTC is going full contortionist on us right now.
These previous 4 lower highs on the 4hour chart are really starting to make things look bearish for BTC.
The continuation of this pattern of decreasing highs suggests price wants to retest 30k and possibly lower.
This range and general chop is just bad place to be trading, at least for myself and many others. Hard to see any trades that are better than 50/50. I still believe we are approaching volatility, its clear price is squeezing, but its taking its time.
MY PREDICTION = I'm leaning probably too enthusiastically to the downside here, 32.5k next 24 hours.
Shoutout to todays trading view ideas = @MarcPMarkets, @MonoCoinSignal, @dRends35, @ShawnMCR
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:25 = Descending wedges
3:40 = Lower highs
7:35 = MY PREDICTION!
9:05 = BTC 1 week
10:00 = Bearish hammer revision
11:55 = BTC 1 month
12:35 = FIBS
14:50 = @MarcPMarkets - watch 30k and 40k
17:00 = @MonoCoinSignal
18:15 = @dRends35 - regression
18:30 = @ShawnMCR
19:30 = Closing words
These previous 4 lower highs on the 4hour chart are really starting to make things look bearish for BTC.
The continuation of this pattern of decreasing highs suggests price wants to retest 30k and possibly lower.
This range and general chop is just bad place to be trading, at least for myself and many others. Hard to see any trades that are better than 50/50. I still believe we are approaching volatility, its clear price is squeezing, but its taking its time.
MY PREDICTION = I'm leaning probably too enthusiastically to the downside here, 32.5k next 24 hours.
Shoutout to todays trading view ideas = @MarcPMarkets, @MonoCoinSignal, @dRends35, @ShawnMCR
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:25 = Descending wedges
3:40 = Lower highs
7:35 = MY PREDICTION!
9:05 = BTC 1 week
10:00 = Bearish hammer revision
11:55 = BTC 1 month
12:35 = FIBS
14:50 = @MarcPMarkets - watch 30k and 40k
17:00 = @MonoCoinSignal
18:15 = @dRends35 - regression
18:30 = @ShawnMCR
19:30 = Closing words
