BTC keeps seeing weak bounces to cool off RSI levels and allow for another leg down.
We must be cautious as the current 4 hour chart can easily be another bear flag.
I only just had my bids start filling under $7,300 so with the bounce I pull the remaining bids and drop them down a bit lower.
After 6 red days in a row we are looking for a bounce to give a couple green days and lower high on the daily.
At this point if I were a bear I would only be looking for an entry after a little daily bounce.
Bulls make sure and remember the weekly lower highs is set, and we are now in consolidation mode.
Very interesting to watch the ETF talk disappear as the price drops... even though we are getting close to our first decision.
Remaining, patient, protective, and not playing large positions.
We must be cautious as the current 4 hour chart can easily be another bear flag.
I only just had my bids start filling under $7,300 so with the bounce I pull the remaining bids and drop them down a bit lower.
After 6 red days in a row we are looking for a bounce to give a couple green days and lower high on the daily.
At this point if I were a bear I would only be looking for an entry after a little daily bounce.
Bulls make sure and remember the weekly lower highs is set, and we are now in consolidation mode.
Very interesting to watch the ETF talk disappear as the price drops... even though we are getting close to our first decision.
Remaining, patient, protective, and not playing large positions.
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