bitcoin in green support zone.
Not interested in a long here on this double bottom there is no volume to support it on the 2hr and the daily is showing signs that volume is consistent for further down moves.
Only entertaining a long position if it traps off that next low, honestly isn't a great low since that was a panic move from the Japan blow out so I'm dubious if there will be much
reaction there and price action suggest it just caught a lot of people off guard. Only a V shaped reversal for now.
For a short continuation price has to break that low and find some price acceptance and some sort of channel to form, be looking for a pull back to trap off one of the lower highs made.
Using candle close above 21EMA on daily or 2hr setup of a similar nature. V shaped with a solid 2hr close candle across the EMA with an increase in volume. No volume, then no entry.
