If I'm not too stoned folks, what we are seeing in the 4 hours chart is that btc couldn't break through to the up-side and the chart has formed a triple tops, which is a reversal pattern. In english, we are going down. The price has tested the latest highest and didn't make it, guys. That's it. On the other hand, btc just can't break the resistances traced in the chart and consolidate above the line around the 6.6k line.
Even though I'm still holding my long position, I'm not too optimistic about it. Not only the 20-EMA and the middle Bolinger Band is a fragile resistance, but the market looks exhausted. In english, this isn't the kind of support we want. We need more and better TA for sure.
In the meantime, I'm still looking to figure this chart. I think I'm in the wrong side today. BUT, let's beware of FUD and FOMO, cool it down, roll another one and wait for a real price/trend confirmation.
Having said that, I'm not optimistic for the bulls nor for the remoras. We are in the middle of today's last four hours session and I don't see btc climbing up to 6.7k. RSI Stoch shows that the whales are more in the bearish side than any other place in this market. So let's just burn one more down. Peace bros.
Even though I'm still holding my long position, I'm not too optimistic about it. Not only the 20-EMA and the middle Bolinger Band is a fragile resistance, but the market looks exhausted. In english, this isn't the kind of support we want. We need more and better TA for sure.
In the meantime, I'm still looking to figure this chart. I think I'm in the wrong side today. BUT, let's beware of FUD and FOMO, cool it down, roll another one and wait for a real price/trend confirmation.
Having said that, I'm not optimistic for the bulls nor for the remoras. We are in the middle of today's last four hours session and I don't see btc climbing up to 6.7k. RSI Stoch shows that the whales are more in the bearish side than any other place in this market. So let's just burn one more down. Peace bros.
