Big hammer bars on vpvr preventing btc from ascending beyond 7460.
On the hourly chart it was a long imperial engulfing candle with a distinctly negative bias.
Was it enough to stem the recent tide from the same overthrow a few days ago at 7050?
Only Complex Adaptive processes will tell (CAS).
The fractal nature to this market activity is demonstrating that the dominant biases are still in control.
It is now being walked down, possibly back to 7000ish while this range remains in place.
It'll have to get through 7260 and 7150 if the bulls don't put up a good fight in those trenches.
Don't forget the downward dog bias on the weekly. That's your dominant trend.
On the hourly chart it was a long imperial engulfing candle with a distinctly negative bias.
Was it enough to stem the recent tide from the same overthrow a few days ago at 7050?
Only Complex Adaptive processes will tell (CAS).
The fractal nature to this market activity is demonstrating that the dominant biases are still in control.
It is now being walked down, possibly back to 7000ish while this range remains in place.
It'll have to get through 7260 and 7150 if the bulls don't put up a good fight in those trenches.
Don't forget the downward dog bias on the weekly. That's your dominant trend.
Comment:
The dog was walked down to 7125 where i settled my short. It quickly bounced back to the first Fib level at 7160 where there is also some resistance from a prior S/R flip. Looking to short again if it plummets below 7080. From there to 5300 there is nothing but open air on vpvr.