4 Hour Macro Picture
Just a quick 🚨 Alert:
4 Hour is about to close and although today had a good run early on it looks like bears are about to take the wheel for a while.
Not anything that can’t be waited out but if interested shorts from 5500 are still good and prob will be for the next 6 hours. Sideways price action puts us on a slow taper back down to resistance levels possibly even back below 50k. Now I would look for a rebound at 52k and stick to your plan!
Just wanted to let people know that the trip back to ATH is going to take a while longer and has potential for short players to get there piece on the way up.
4 Hour is about to close and although today had a good run early on it looks like bears are about to take the wheel for a while.
Not anything that can’t be waited out but if interested shorts from 5500 are still good and prob will be for the next 6 hours. Sideways price action puts us on a slow taper back down to resistance levels possibly even back below 50k. Now I would look for a rebound at 52k and stick to your plan!
Just wanted to let people know that the trip back to ATH is going to take a while longer and has potential for short players to get there piece on the way up.
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