$BTC still wants lower it seems. Shaded squeeze is still pushing down atm. And a reminder, once again, of the lack of signals indicating a bottom on the Weekly still. We still need to see some sort of recovery on HTFs before we can begin to even think about new entries (at least, I'm not entering on BTC until I see a new stage 2 setup, personally).
NOTE: another trick I've learned with these signals. Whenever you see a bottom signal on HTFs, and even after it confirms, if you see that setup FAIL right after.. then that is actually a WEAK signal, and actually makes me more bearish instead. Anytime there's a failed, confirmed bottom signal, and it reverses or continues into a Stage 4 downtrend, that's an opposite signal of a bullish confirmation.
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$BTC still wants lower it seems. Shaded squeeze is still pushing down atm. And a reminder, once again, of the lack of signals indicating a bottom on the Weekly still. We still need to see some sort of recovery on HTFs before we can begin to even think about new entries (at least, I'm not entering on BTC until I see a new stage 2 setup, personally).
NOTE: another trick I've learned with these signals. Whenever you see a bottom signal on HTFs, and even after it confirms, if you see that setup FAIL right after.. then that is actually a WEAK signal, and actually makes me more bearish instead. Anytime there's a failed, confirmed bottom signal, and it reverses or continues into a Stage 4 downtrend, that's an opposite signal of a bullish confirmation.