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Price has reacted to the loss of momentum on the 4H. This can still bounce to a lower high but the top may already be in

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That’s the tiny spike of accumulation I was talking about. If the next one fails to reach the same high as the previous peak on the chaikin oscillator and flattens out or disappears entirely, the price will fail to reach new highs.

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Bulls are losing control but we are currently at the point where bulls and bears are evenly matched. This can lead to scam bounces that register as small accumulation spikes (above zero on Chaikin Oscillator) before we will probably see at least some loss of value during distribution (below zero)

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The Chaikin Oscillator shows the momentum of the accumulation/distribution index, AKA the accumulation/distribution line. This shows us whether buyers outnumber sellers (accumulation) or sellers outnumber buyers (distribution). We are just entering a new accumulation trend after a long distribution one, so bulls should be able to move the price. However I’m...

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I was bull when we were above the June 2021 low of $28805. The idea of a bull market that could reach 100k was not invalidated at that point. When a lower low than $28805 was hit I set shorts from $30-33k, but $33k was never hit. As that 33k short was 50% of my 10x leverage I was pretty safe but wanted a bigger position. Shorting at lower levels left me with...

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We are still firmly within the regression trend since July 12th. The next daily has a chance to beat the trend if it can close green, but it’s more likely that stock market FUD will lead to a sell off on Monday.

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It would have taken a lot of buy pressure to smash through the upper band of the regression trend we’ve been in since GBTC unlocking started on 12th July. Sell pressure is now higher today than yesterday, so we may struggle to stay above the baseline. Without a huge influx of buying in the last 13 hours of the day we’re not going to break out of the downtrend.

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According to the Chaikin oscillator the sell pressure is similar today to what it was yesterday. This would indicate that a breakout of this channel, which it’s been in since 12th July when GBTC unlocking started, is unlikely (so far).

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Volume oscillator is approaching a low not seen since 30th May, while Chaikin oscillator I just crossed zero, a bullish sign. Frequently the Chaikin oscillator loses momentum shortly after a zero cross, so the cross in itself is not proof of a reversal. A reversal of the volume oscillator from these low levels could be bullish, but I’m not seeing that yet.

atectuderym Updated 

Zero cross is considered bearish as a sign that sellers have control, that happened a while ago and now we're trapped between 1K and 2K

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The inevitable conclusion of this bull trap is that it goes sideways until the MACD shows a green bar or two, trapping the last bulls (who don’t look at volume or balance of power), and then we dump

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Look at the Chaikin indicator, poised above zero to cross it soon. This is a bearish sign. It may fake out slightly and avoid the inevitable, but a bullish reversal here require the Chaikin to start climbing away from zero, not slowly crawling towards it

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Zoom the chart out if you’re getting concerned

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This is a bullish sign, but more buy volume is needed to get the bull run of the last few days back on track

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As the volume has decreased it has failed to make contact with the top line, although it hasn't fallen as far into the red zone as before either

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Volume needs to increase in the next couple of hours to maintain support at this level

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RSI is still around the overbought zone but volume is dropping

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Although it has reached an all-time high once again, the gains over the last couple of days are unsustainable