I've been waiting for a higher low on BTC with low volume to signal bullish accumulation has completed.
I still haven't seen that yet but right now it's printing quite a strong bearish wick on the 4 hour chart which could signal the start of a move down to 5800 or so, and that might end up being the low volume higher low.
I am looking to accumulate in my long term account and a move like that would get me to start buying. The parabolic move it made today was great for scalping long but I've taken my profits from that and am looking for it to correct much lower because the bulls look a little over-extended here.
I still haven't seen that yet but right now it's printing quite a strong bearish wick on the 4 hour chart which could signal the start of a move down to 5800 or so, and that might end up being the low volume higher low.
I am looking to accumulate in my long term account and a move like that would get me to start buying. The parabolic move it made today was great for scalping long but I've taken my profits from that and am looking for it to correct much lower because the bulls look a little over-extended here.