BTC, Chopping Up Both Directions

In the past 3 days we had a bull break where bear bots turned on and smashed the price to lower lows.... which resulted in a big bounce.

Now we have a bear break leading to a big bull spike in a 10 minute time period... with a fade since then.

This is a very difficult environment to trade on lower time frames which is why I am personally sitting cash and staying zoomed out to the daily chart to not get chopped up on these quick moves that appear to be stopping out both bulls and bears in the same moves.

There is a take away here for me, the bears have not gotten much follow through on the multiple lower lows we have been seeing. This continues to have me watching for the weekly higher low to be set, but a daily trend change will be needed first.

ETH and LTC have lost their daily up trends, and will be looking for weekly higher lows to now be set as well.