BTC Macro View. Good or bad?
Updated
I typically focus on one hour candlestick charts. This morning I thought I'd take a peek and the 4 hour candles and zoom out because of the long green candle the one hour chart produced while I was asleep.
Is what we are looking at good?
I am seeing lower highs and lower lows since all time high.
I am also seeing similarities between the highlighted areas we might be able to call "bull traps"
Will have to collaborate with others and look for confirmations of this.
For now I am still short based on the idea I have linked that I posted yesterday.
What's your opinion?
Is what we are looking at good?
I am seeing lower highs and lower lows since all time high.
I am also seeing similarities between the highlighted areas we might be able to call "bull traps"
Will have to collaborate with others and look for confirmations of this.
For now I am still short based on the idea I have linked that I posted yesterday.
What's your opinion?
Note
I have marked all time high at 69k with green dotted line.Local low created December 4 in red on the bottom.
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