TheChartGuys

BTC Chop Yesterday Stabilizing

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We have a good ol' bull break into a bear break into back to where we started move yesterday pretty much faking out both bulls and bears while nothing changed. This is yet another of the endless examples highlighting my points about being an unfavorable trading market the last few months.
The bulls are trying to recover and test the highs of the bull move fake out, and in the end we do still have daily higher lows intact. $3,771 on coinbase is essentially a double bottom and the most important short term support level .
Best bet is to patiently wait on clarity to not get tossed around in the chop.
I always zoom out to avoid chop and unclear action, and the weekly remains clear with the tightening weekly pattern.
Thank you for your work and constant updates.

I've provided a thorough BTC Analysis for March 16 + trades for the community + updates:
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We're in a long trade right now ridding this move and just exited 20% with this fast move up and updating our stop loss. Can't go this fast without a correction. I like that we are staying above your MA lines, shows a bullish outlook. Thanks for the great TA guys!

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