BTC 12H Lower Highs as a Guide

BTC bears keeping control as we see EMA12 rejections on the 12H chart and clear stair steps of lower highs on the way down. I am using the 12H time frame as the moves on the shorter term time frames are less clear in the past couple weeks of action in my opinion.
ETH and LTC continue to hold on better, but they are not immune to the BTC pullback. Still watching the 12H falling wedge as long as lower lows do not see any meaningful follow through.

Bears have no reason to cover positions as long as this trend remains, and while bulls are scouting entries and trying to pick their spots, many short term bulls have been stopped out due to lack of follow through on any bull moves. I personally will continue to wait patiently on the sidelines and set the criteria that I am not interested in a bullish position while EMA12 resistance on teh 12H chart remains.