BTC continues to reject from 4 hour EMA resistance, which keeps the bears in control and confident.
There is no reason for shorts to cover if bulls cannot get over this resistance.
This also ensure we just continue to set lower highs on every bounce attempt.
Looking for the potential for a 4 hour equilibrium setting up this morning if the low of the pullback to this point can hold.
The declining bear volume on this pullback is a reason to look for the potential 4 hour equilibrium.
Very weak bounce attempt at this point on the daily with no follow through.
I personally had sell orders $7,100-7,200 last night anticipating this resistance and most of them filled.
I personally will be very patient and trading other sectors while waiting for the next clear setup.
There is no reason for shorts to cover if bulls cannot get over this resistance.
This also ensure we just continue to set lower highs on every bounce attempt.
Looking for the potential for a 4 hour equilibrium setting up this morning if the low of the pullback to this point can hold.
The declining bear volume on this pullback is a reason to look for the potential 4 hour equilibrium.
Very weak bounce attempt at this point on the daily with no follow through.
I personally had sell orders $7,100-7,200 last night anticipating this resistance and most of them filled.
I personally will be very patient and trading other sectors while waiting for the next clear setup.
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