1H inhibits development of weekly move.
Look, the volume pumping pattern on the 1 hour chart
has a clearly visible accumulation from December 22 to January 6.
Next comes the expansion and the pump.
Now since January 26 the volume indication is increasingly trying to move
into bearish territory without giving a clear rebound signal.
That is, just as pump entry took some time, it will take some time to exit down and reset.
Given the numerous divergences on large timeframes,
the DXY rise (and it will continue!), shooting star on SPX
(you sure you didn't miss it?) it is doubtful that Bitcoin will have time to win
this week's candle, and form a MA50/200 cross breakout next week.
#unpopularemotion.
has a clearly visible accumulation from December 22 to January 6.
Next comes the expansion and the pump.
Now since January 26 the volume indication is increasingly trying to move
into bearish territory without giving a clear rebound signal.
That is, just as pump entry took some time, it will take some time to exit down and reset.
Given the numerous divergences on large timeframes,
the DXY rise (and it will continue!), shooting star on SPX
(you sure you didn't miss it?) it is doubtful that Bitcoin will have time to win
this week's candle, and form a MA50/200 cross breakout next week.
#unpopularemotion.
Comment:
Addendum on the weekly pattern.
Comment: