Significant move from the bears the last 2 days means that when we do have a daily higher low, the most likely scenario is then a lower high and daily equilibrium.
We are rejecting from weekly EMA4 resistance again, and bears are trying to see increased volume today compared to yesterday showing further weakness.
BCH is holding up the best while other major names ETH and XRP consolidate as well.
We have started seeing some shorts begin to build a position again on BTC, and even more will do so when we bounce attempt on the daily as bears look to top fish our recent high.
Tighter we go on the weeklies!
We are rejecting from weekly EMA4 resistance again, and bears are trying to see increased volume today compared to yesterday showing further weakness.
BCH is holding up the best while other major names ETH and XRP consolidate as well.
We have started seeing some shorts begin to build a position again on BTC, and even more will do so when we bounce attempt on the daily as bears look to top fish our recent high.
Tighter we go on the weeklies!
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