We are clearly seeing "Defense bots" where the price hits a certain level in the $3,500s and the market buy bots kick in.
This has happened 3 times now and the bounces are smaller every time.
We are fading back towards support and being driven down by 4 hour EMA 12 resistance.
Bulls have 0 momentum unless we get over these resistances.
The bears are on offense and the bulls are doing everything they can to prevent lower lows.
We will likely see a clear break within the next 24 hours.
Consensus: Invest (conference) starts today, and is something to keep an eye on as shorts remain confident.
This has happened 3 times now and the bounces are smaller every time.
We are fading back towards support and being driven down by 4 hour EMA 12 resistance.
Bulls have 0 momentum unless we get over these resistances.
The bears are on offense and the bulls are doing everything they can to prevent lower lows.
We will likely see a clear break within the next 24 hours.
Consensus: Invest (conference) starts today, and is something to keep an eye on as shorts remain confident.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.