TheChartGuys

BTC Still Weak on the 4 Hour

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC             bulls had a decent bounce overnight but heading back down towards support this morning.
If we lose the 4 hour higher lows, we will be looking to the dump low as the next support.
If Dump O'clock comes around at 10-11 AM Eastern, the bulls do not have much cushion to protect against it at this point.
Bulls will have to break $9,500 to try and regain momentum in their favor but the odds certainly currently favor bears.
If we break 4 hour higher lows, the daily bear flag chances will significantly increase as well.
Bears have all the momentum and it is up to the bulls to prove themselves to change it.
is dump o'clock happening now?
+1 Reply
@juzme09, Not yet here you can find my chart :)https://www.
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