Ok, so I just posted my more Macro view of BTC and it's recent action....Now for the Degens of the space (most of you) :wink:
So we've got this recent range, 8.9k - 9.6k....Along with an Indicator I wrote, essentially Equilibrium Lines of various TF's.
Green = Daily EQ
Blue = 4hr EQ
Purple = 1hr EQ
White = Current TF EQ (15min, although I use a 10min chart....TV wouldn't let me post a 10min Chart...apparently it's too Degen for the crowd to properly have time to react to.....)
Anywho....Yellow arrows showing us test the 4hr EQ a couple times, good bounces by the Bulls. Then red arrow we lose 4hr, and Bears go for the kill.....Only to be met with a near perfect 618 BuyBack by the Bulls, of which we haven't looked back. Score one Bulls.....Highest Volume in entire range.
To keep Bullish Dreams alive on the Degen levels...I'd like to see BTC hold the 1hr EQ, so hold 9.3......And then climb, giving us a proper Bullish EQ stack. Getting over 9450 is important for Bulls IMO.
Bears just need to break this 9250 level, and hold it for more than 10min.....You get an hourly candle close below 9250 and we'll likely see some Bull blood in the streets.
As always, practice solid risk management. Good luck, and have fun.
So we've got this recent range, 8.9k - 9.6k....Along with an Indicator I wrote, essentially Equilibrium Lines of various TF's.
Green = Daily EQ
Blue = 4hr EQ
Purple = 1hr EQ
White = Current TF EQ (15min, although I use a 10min chart....TV wouldn't let me post a 10min Chart...apparently it's too Degen for the crowd to properly have time to react to.....)
Anywho....Yellow arrows showing us test the 4hr EQ a couple times, good bounces by the Bulls. Then red arrow we lose 4hr, and Bears go for the kill.....Only to be met with a near perfect 618 BuyBack by the Bulls, of which we haven't looked back. Score one Bulls.....Highest Volume in entire range.
To keep Bullish Dreams alive on the Degen levels...I'd like to see BTC hold the 1hr EQ, so hold 9.3......And then climb, giving us a proper Bullish EQ stack. Getting over 9450 is important for Bulls IMO.
Bears just need to break this 9250 level, and hold it for more than 10min.....You get an hourly candle close below 9250 and we'll likely see some Bull blood in the streets.
As always, practice solid risk management. Good luck, and have fun.
