TheChartGuys

BTC Hourly Upper Wicks, Need Follow Through

BITFINEX:BTCUSD   Bitcoin
BTC has been consolidating for many hours following the mini short squeeze yesterday.
The bears have contained the price, and closed thousands of shorts in the process.
There is no longer the potential for a short squeeze as the bulls let the bears off the hook.
The only hope now is that the bears switch to bullish to see continuation.
Most coins in the crypto space MUST see continuation today and a green day to confirm the reversal candle from yesterday.
Break the low of consolidation and it will be a set back keeping the bears in control.
As long as we see upper wicks, it shows me bears defending resistance and keeping control.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.