BTC Macro View. Good or bad?

31 dic 2021

I typically focus on one hour candlestick charts. This morning I thought I'd take a peek and the 4 hour candles and zoom out because of the long green candle the one hour chart produced while I was asleep.

Is what we are looking at good?

I am seeing lower highs and lower lows since all time high.

I am also seeing similarities between the highlighted areas we might be able to call "bull traps"

Will have to collaborate with others and look for confirmations of this.

For now I am still short based on the idea I have linked that I posted yesterday.

What's your opinion?

31 dic 2021

Nota

I have marked all time high at 69k with green dotted line.

Local low created December 4 in red on the bottom.