A "Bart-like" move with a quick spike up and then giving it all back.
For me it has been zooming out bigger picture that has kept me from over trading in this current environment. Even after the recent spike up, we knew we were just looking for a daily lower high to be set. Now tht we have dropped to a lower low, the next bounce we will be looking for anything under $9,150 to be another daily lower high.
Bulls need a weekly higher low to be set if we are going to shift momentum on the monthly... but that weekly higher low will not be set without a daily trend change to mark it. Remaining patient and picking my spots intentionally. The lower low with no follow through will have our attention the next couple days, but we will have to see hourly and 4 hour trend changes for it to mean anything.
For me it has been zooming out bigger picture that has kept me from over trading in this current environment. Even after the recent spike up, we knew we were just looking for a daily lower high to be set. Now tht we have dropped to a lower low, the next bounce we will be looking for anything under $9,150 to be another daily lower high.
Bulls need a weekly higher low to be set if we are going to shift momentum on the monthly... but that weekly higher low will not be set without a daily trend change to mark it. Remaining patient and picking my spots intentionally. The lower low with no follow through will have our attention the next couple days, but we will have to see hourly and 4 hour trend changes for it to mean anything.
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