After the weekly p[pattern bear break and dump yesterday,, BTC is now finding a range but still has hourly EMA resistance. The bears still have control and it is entirely possible we see another leg down. Have your game plan set to go!
With daily RSI oversold I will be looking to reload some BTC as well as ETH if we see another leg down. If this occurs I will be holding a bit longer and looking to sell on a daily lower high bounce. After locking in profit on the bounce yesterday that allows me lots of comfort to establish positions again, without being too over extended in my positions. Coins and their BTC pairings will also be key, as we look to see who has the bigger % moves off the lows.
Bears are comfortable in their positions with no reason to cover. If cash and looking for a bearish position, I personally would be waiting for at least a 4 hour lower high for things to cool off on the mid term time frames. Bears can also be patient and wait for daily lower highs as well.
With daily RSI oversold I will be looking to reload some BTC as well as ETH if we see another leg down. If this occurs I will be holding a bit longer and looking to sell on a daily lower high bounce. After locking in profit on the bounce yesterday that allows me lots of comfort to establish positions again, without being too over extended in my positions. Coins and their BTC pairings will also be key, as we look to see who has the bigger % moves off the lows.
Bears are comfortable in their positions with no reason to cover. If cash and looking for a bearish position, I personally would be waiting for at least a 4 hour lower high for things to cool off on the mid term time frames. Bears can also be patient and wait for daily lower highs as well.
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