I actually don't hate this latest dip for a few reasons.
1. Bulls can create a higher low on the daily chart in attempts to regain control.
2. Allowed RSI to cool off on some of the lower time frames, and in a solid range on daily and weekly charts.
3. Bulls are still in full control of the weekly chart.
It doesn't feel like there is enough bullish volume to break ATH's, which is what the bulls will eventually have to do to create HH's and HL's. So I think we trade sideways as we did in the higher 50's for a bit to allow the bulls to consoldiate. We've seen some MAJOR moves to cold storage so far in 2021. Stay positive my friends.
J.Crypto
1. Bulls can create a higher low on the daily chart in attempts to regain control.
2. Allowed RSI to cool off on some of the lower time frames, and in a solid range on daily and weekly charts.
3. Bulls are still in full control of the weekly chart.
It doesn't feel like there is enough bullish volume to break ATH's, which is what the bulls will eventually have to do to create HH's and HL's. So I think we trade sideways as we did in the higher 50's for a bit to allow the bulls to consoldiate. We've seen some MAJOR moves to cold storage so far in 2021. Stay positive my friends.
J.Crypto