🔥 $BTW This candlestick is so frustrating.
15m volume was 2.2x the norm, closing at 2.0031,
and one big bullish candle punched straight through the previous 12-hour high of 1.9960.
😤 The bulls are ready to yell, "Breakout! Let's go!"
😏 The bears can only laugh—it's just a desperate struggle beneath the moving-average cluster, isn't it?
Here's the problem:
The longer-term moving averages are still bearishly aligned, that's true,
but bearish alignment appeared in only 17% of the last 96 candles,
there hasn't been a single oversold signal,
and the bulls on the 1-hour and 4-hour charts are holding price above the moving-average cluster.
Price once plunged to -14.62% below the cluster, and now it's only -1.32% below.
So I'm not chasing it.
⚡ 2.0100 is the dividing line—the lower edge of the moving-average cluster.
If price bounces back up to this level but can't break above it,
then I'll consider going short.
If it gets above it, the script changes on the spot.
Are you bullish or bearish?
⚠️ Technical analysis is for reference only and does not constitute investment advice
#BTW $BTW
15m volume was 2.2x the norm, closing at 2.0031,
and one big bullish candle punched straight through the previous 12-hour high of 1.9960.
😤 The bulls are ready to yell, "Breakout! Let's go!"
😏 The bears can only laugh—it's just a desperate struggle beneath the moving-average cluster, isn't it?
Here's the problem:
The longer-term moving averages are still bearishly aligned, that's true,
but bearish alignment appeared in only 17% of the last 96 candles,
there hasn't been a single oversold signal,
and the bulls on the 1-hour and 4-hour charts are holding price above the moving-average cluster.
Price once plunged to -14.62% below the cluster, and now it's only -1.32% below.
So I'm not chasing it.
⚡ 2.0100 is the dividing line—the lower edge of the moving-average cluster.
If price bounces back up to this level but can't break above it,
then I'll consider going short.
If it gets above it, the script changes on the spot.
Are you bullish or bearish?
⚠️ Technical analysis is for reference only and does not constitute investment advice
#BTW $BTW