I have marked structure so you can see we are still Boolish (Bullish with a fun accent) on the 1 Hour timeframe; from a 1H perspective.
With that in mind, we will have to make a new Highest High on this timeframe before we could even consider looking for reversal signals or pull back plays.
This is not a "triple top" from my perspective, this is a standard horizontal channel of brief consolidation before continuation. Same goes for BTC.
Once price touches the Orange MA in the 1H, keep an eye on the 5 and 15 Minute charts for a bullish confirmation and jump in in or around that area.
Leave any questions in the comments, interaction is better than yelling into the void. Cheers.
With that in mind, we will have to make a new Highest High on this timeframe before we could even consider looking for reversal signals or pull back plays.
This is not a "triple top" from my perspective, this is a standard horizontal channel of brief consolidation before continuation. Same goes for BTC.
Once price touches the Orange MA in the 1H, keep an eye on the 5 and 15 Minute charts for a bullish confirmation and jump in in or around that area.
Leave any questions in the comments, interaction is better than yelling into the void. Cheers.
Comment:
On lower TF I am expecting one more small push down and then retreat from the lower edge of this 1 Hour channel. Still Bullish on the 1H.
Comment:
We have a bearish confirmation on 1H. Trend is now temporarily bearish. Wait for a good setup and let loose.
Good luck.
Good luck.
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