Hello Traders, this is just an update on BTC and what I am potentially seeing here. The first thing worth noting is the lack of volume we are seeing before each rise and it picking up once it reaches the top. Pay attention to the volume I have outlined at the bottom and notice where each peak is. This to me is a sign of weak buyers and a market that is highly indecisive.
Another thing to note is on the 4-hour time frame we see an apparent death cross that is inching its way as we continue. I'm not so sure we will see the cross but it is definitely something significant to consider because it is highly influential on potential buyers when at the moment we need to see strong decisive action. These waters are incredibly muddy and navigating them right now is very risky.
Another thing to note is on the 4-hour time frame we see an apparent death cross that is inching its way as we continue. I'm not so sure we will see the cross but it is definitely something significant to consider because it is highly influential on potential buyers when at the moment we need to see strong decisive action. These waters are incredibly muddy and navigating them right now is very risky.
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