BtcUsd | Transistioning to Long?
*This post is a part of a series of refreshing my eyes and working on my mental space.
-Slightly tricky to my eyes. Definite seller exhaustion (daily/4H) and the bulls seem to be coming in waves but have not completely taken over. If the current transition fails in the current region, price will likely flirt with 7800/7900 at least (bringing about a double bottom) before buyers gain definitive momentum. 1H and 4H timeframes allow you to see some of the details a bit better.
-Slightly tricky to my eyes. Definite seller exhaustion (daily/4H) and the bulls seem to be coming in waves but have not completely taken over. If the current transition fails in the current region, price will likely flirt with 7800/7900 at least (bringing about a double bottom) before buyers gain definitive momentum. 1H and 4H timeframes allow you to see some of the details a bit better.
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