Crypto Market VLOG #24 - 42.2k and still fearful
We bounced from 42.2k, but we keep coming down :(
We are sitting on the bottom of a fairly significant lower trend line of a descending channel. Bouncing here is very nice. We've had some above average volume.
But we need more. We need the small pumps that help get us above minor challenges like 45k. We need some kind of bullish daily candle close. We need more bullish 4h candle closes. We need less big wick indecisive green candles.
The price action here still feels scared, uncertain, and being won by bears. If we cant change that we are coming further down.
Forgot to do a prediction in this vlog sorry guys. My prediction here is:
Volume can invalidate this at anytime. This may sound like 'we either coming up or down' but it really do be like that lmao. Until we look more bullish, we will go sideways or down. That's that really.
Volume and bullish price action on HTF will create buying opportunities.
More patience is needed here.
Shoutout to todays featured trading view ideas: MarcPMarkets, MMBTtrader
=== TimeStamps ===
0:00 = WELCOME!
2:10 = Support at 42k
3:00 = I get overexcited about the 1h
4:50 = I made poor trades at 45k
7:00 = Need more volume
8:10 = atm... gross 1D candle :/
10:30 = Descending cahnnel 4h update
12:50 = Many ALTs showing resilience
14:40 = MarcPMarkets - looking better
17:10 = MMBTtrader - ETH on support
19:00 = MMBTtrader - BTC bounce zone
19:30 = Closing words.
===
We are sitting on the bottom of a fairly significant lower trend line of a descending channel. Bouncing here is very nice. We've had some above average volume.
But we need more. We need the small pumps that help get us above minor challenges like 45k. We need some kind of bullish daily candle close. We need more bullish 4h candle closes. We need less big wick indecisive green candles.
The price action here still feels scared, uncertain, and being won by bears. If we cant change that we are coming further down.
Forgot to do a prediction in this vlog sorry guys. My prediction here is:
Volume can invalidate this at anytime. This may sound like 'we either coming up or down' but it really do be like that lmao. Until we look more bullish, we will go sideways or down. That's that really.
Volume and bullish price action on HTF will create buying opportunities.
More patience is needed here.
Shoutout to todays featured trading view ideas: MarcPMarkets, MMBTtrader
=== TimeStamps ===
0:00 = WELCOME!
2:10 = Support at 42k
3:00 = I get overexcited about the 1h
4:50 = I made poor trades at 45k
7:00 = Need more volume
8:10 = atm... gross 1D candle :/
10:30 = Descending cahnnel 4h update
12:50 = Many ALTs showing resilience
14:40 = MarcPMarkets - looking better
17:10 = MMBTtrader - ETH on support
19:00 = MMBTtrader - BTC bounce zone
19:30 = Closing words.
===
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