BTC had a bear break to lower lows confirming another bear flag but with 4 hour RSI in the low 20s, bulls bought the dip for a solid bounce. We are looking for a daily higher low and equilibrium to form, and with a higher low and higher high on the 4 hour, we will be confident it has been set. The current consolidation on the 4 hour is a potential bull flag, but we are still rejecting from EMA 12 on the 4 hour. The momentum has shifted a bit as last night was the first sign of bulls we have seen in 3 days. The possibility of a daily inverse head and shoulders bullish reversal pattern is still alive but bulls have a lot of work to do over the next week to try and see it follow through. Tight stop losses for bulls are using the low of consolidation. I would be a bit patient as a bear to see how the daily chart shapes up today.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.