BTC not able to break the neckline and about to invalidate the 'A&E' formation. Neckline still in tact as resistance and volume dying off. Back into the channel approaching the EQ.
Could see this easily braking down and testing the macro low again soon, the question is if that holds or not because as it stands we need to see bulls step in to hold this area or I think we retest the low.
Again, accumulation takes time! Plan for both scenarios if you are trading, how likely is it that we've already bottomed? How likely is it we retest the macro low?
If you are accumulating like me, I'm acting as IF I am trading this current PA and that means I am withholding entries until I see clarity in direction, this does not scream bottom yet imo.
Stay frosty.
V
Could see this easily braking down and testing the macro low again soon, the question is if that holds or not because as it stands we need to see bulls step in to hold this area or I think we retest the low.
Again, accumulation takes time! Plan for both scenarios if you are trading, how likely is it that we've already bottomed? How likely is it we retest the macro low?
If you are accumulating like me, I'm acting as IF I am trading this current PA and that means I am withholding entries until I see clarity in direction, this does not scream bottom yet imo.
Stay frosty.
V
Vatsik