BTC/USD - GREEN CANDLE, but LOWER LOW disagrees... ðą
BTC painted today a green candle... what is this??? We are not supposed to see green. :D
Anyway, even if we remain in the green, one fact remains true and undisputed. The price action made a lower low on the chart.
That is NOT bullish... on the contrary. We need a HIGHER LOW to get hopium up. Now it is too early.
Bias remains unchanged, BEARISH. I would not hope for a decent rally until we reach the key support area around the previous bottom, as indicated by the yellow box.
Lower timeframes scream bullish and want to PUMP. But lower timeframes DO NOT DECIDE the larger trend.
So be careful as this price action lately has been very choppy... things change from one minute to another and volatility is high. Particularly when Russia and the West are involved in a heated exchange.
Stay safe and trade like a PRO.
Like and follow if you like my idea!
Anyway, even if we remain in the green, one fact remains true and undisputed. The price action made a lower low on the chart.
That is NOT bullish... on the contrary. We need a HIGHER LOW to get hopium up. Now it is too early.
Bias remains unchanged, BEARISH. I would not hope for a decent rally until we reach the key support area around the previous bottom, as indicated by the yellow box.
Lower timeframes scream bullish and want to PUMP. But lower timeframes DO NOT DECIDE the larger trend.
So be careful as this price action lately has been very choppy... things change from one minute to another and volatility is high. Particularly when Russia and the West are involved in a heated exchange.
Stay safe and trade like a PRO.
Like and follow if you like my idea!
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Likes and follows appreciated! ð
