Coinbase went down last night for BTC trading and has still not opened up again, which is going to frustrate lots of bulls who have watched the price drop $300 from the top of the bull move.
I was a bit fortunate and exited half of my position when the first 15 min higher low was lost, and the 2nd half is waiting for the daily inside bars to play out.
The daily inside bars will remain intact if we can see a 4 hour equilibrium today, which means the bulls need to shift momentum back in their favor this morning.
4 hour EMAs are still resistance, and shorts have still not covered. The next event on the charts that would force bears to cover would be a bull break of the daily inside bars.
Bears still have the upper hand overall and do not lose sight bulls are fighting the trend. I always take profit faster when that is the case.
I was a bit fortunate and exited half of my position when the first 15 min higher low was lost, and the 2nd half is waiting for the daily inside bars to play out.
The daily inside bars will remain intact if we can see a 4 hour equilibrium today, which means the bulls need to shift momentum back in their favor this morning.
4 hour EMAs are still resistance, and shorts have still not covered. The next event on the charts that would force bears to cover would be a bull break of the daily inside bars.
Bears still have the upper hand overall and do not lose sight bulls are fighting the trend. I always take profit faster when that is the case.
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