ChartWolves

ChartWolves

4h Inside candles formed a tight equilibrium pattern that has now broken bearish... My short position triggered on the break. Price was rejected from the 4H 12EMA showing weakness in the bull's as the bears took control over the momentum. Bitcoins weekly wedge acting as support has now been violated giving the bulls very little time to wick price back up into...

ChartWolves

Bull's are giving bear's another go by using the top of the wedge to bounce off as support, this has caused a rather volatile equilibrium pattern. Another oversold RSI bounce just broadened the E.Q's range to a new low of 7430 with a bounce pushing back to the top of the pattern 7650. A small bullish-divergence showed it self just prior to the bounce which was...

ChartWolves Updated 

As I have mentioned in my group and other trading groups, Bitcoin has been in a no-trade zone for me. On the smaller time-frames(4h - 1h), We have had a series of Bullish(Hammer) Candles + Indecisive(Doji) Candles moving in a slight down trend. This signifies an absolutely front-line war between the Bull's & Bear's in the EQ Channel we have now broken to the...