After a lack of follow through setting our daily higher low, we have seen both bulls and bears unable to gain a clear edge in the short term this past weekend. There are likely now a lot of bull stops under $9,000 and a lot of break stops over $9,433. We are waiting for a volume and volatility spike in the short term, which was missing for the bulls over the weekend.
We are seeing the sideways action on larger cap alt coins as well, who normally we would look to gain some independent movement when BTC trades this sideways.
Remain patient, have a game plan, and ensure volume and follow through, whatever direction!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.