As I talked about in the video yesterday, we MUST see a 4 hour higher low and higher high, otherwise the bears keep control.
We are currently rejecting from EMA resistance on the 4 hour, and keeping multiple daily inside bars in a tightening range.
Currently back to all cash and patiently waiting for more clarity on the daily time frame.
Bears are using EMA 4 hour resistance as a guide, and bulls are clinging to the hopes we do not see another leg down when daily inside bars break.
If not already in a position I personally do not like entry in this sideways channel.
No shame in patiently waiting for clarity to come out of a tight or unclear range.
I will likely not be playing crypto again in the near term future as the weekly equilibrium continues to tighten.
We are currently rejecting from EMA resistance on the 4 hour, and keeping multiple daily inside bars in a tightening range.
Currently back to all cash and patiently waiting for more clarity on the daily time frame.
Bears are using EMA 4 hour resistance as a guide, and bulls are clinging to the hopes we do not see another leg down when daily inside bars break.
If not already in a position I personally do not like entry in this sideways channel.
No shame in patiently waiting for clarity to come out of a tight or unclear range.
I will likely not be playing crypto again in the near term future as the weekly equilibrium continues to tighten.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social