4 Hour equilibrium matching up perfectly with my chart
Bitcoin / Dollar BITFINEX:BTCUSD
The bounces on this equilibrium set up is too predictible. I am leaning towards this bounce just being another fake out. Why? look at the bullish volume on this bounce for the day. If the bulls were confident enough that 6100 was the bottom, we'd see much higher volume . I predict a dump at some point during this equilibrium. If not, well we move towards the daily chart and evaluate how that equilibrium plays out. That is the chart that truly matters to reverse this trend. Too many people believe $4800-5000 is the true bottom.