More good news on the BTC front with South Korea opening up banks to work with crypto legally,
but we continue to see no reaction to news events as we did for many months before we got into the tightening range.
We are currently forming another hourly channel very similar to the one we just came from, which obviously resulted in the bear break.
The burden of proof remains on the bulls on every time frame and they are not proving anything to us.
Swinging bears are comfortable in their positions while we wait to see if another $6,000 support test is coming in early November. Stay picky out there traders, dont give back your capital before the next clear opportunity cycle presents itself to us.
but we continue to see no reaction to news events as we did for many months before we got into the tightening range.
We are currently forming another hourly channel very similar to the one we just came from, which obviously resulted in the bear break.
The burden of proof remains on the bulls on every time frame and they are not proving anything to us.
Swinging bears are comfortable in their positions while we wait to see if another $6,000 support test is coming in early November. Stay picky out there traders, dont give back your capital before the next clear opportunity cycle presents itself to us.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social