We have a good ol' bull break into a bear break into back to where we started move yesterday pretty much faking out both bulls and bears while nothing changed. This is yet another of the endless examples highlighting my points about being an unfavorable trading market the last few months.
The bulls are trying to recover and test the highs of the bull move fake out, and in the end we do still have daily higher lows intact. $3,771 on coinbase is essentially a double bottom and the most important short term support level.
Best bet is to patiently wait on clarity to not get tossed around in the chop.
I always zoom out to avoid chop and unclear action, and the weekly remains clear with the tightening weekly pattern.
The bulls are trying to recover and test the highs of the bull move fake out, and in the end we do still have daily higher lows intact. $3,771 on coinbase is essentially a double bottom and the most important short term support level.
Best bet is to patiently wait on clarity to not get tossed around in the chop.
I always zoom out to avoid chop and unclear action, and the weekly remains clear with the tightening weekly pattern.
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