After confirming a previous 4H bear flag yesterday the current bounce is not giving much confidence that this time is different.
Hourly trend change without much follow through and still EMA resistances to get over.
Remaining cautious and continuing to execute my strategy of taking partial profit on bounces and certainly willing to buy each leg down after doing so.
Eventually I am looking for a bounce on the daily to form a lower high as my target, but I will not pick actual levels for scaling out my full BTC and LTC positions until it is clear our temporary bottom has been hit.
Most BTC RSI levels have cooled off, but not LTC which still has a 4 hour RSI at 20 and a daily RSI oversold.
Hourly trend change without much follow through and still EMA resistances to get over.
Remaining cautious and continuing to execute my strategy of taking partial profit on bounces and certainly willing to buy each leg down after doing so.
Eventually I am looking for a bounce on the daily to form a lower high as my target, but I will not pick actual levels for scaling out my full BTC and LTC positions until it is clear our temporary bottom has been hit.
Most BTC RSI levels have cooled off, but not LTC which still has a 4 hour RSI at 20 and a daily RSI oversold.
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