Zooming into the longer timeframe reveals something crucial—if today's daily candle fails to close below the previous low, we might be looking at a weak signal for continuation. Here's the thing: when that happens, it suggests the Sell Fill Pattern isn't really setting up for what we'd hope for. Given that BTC could currently be trapped in a distribution range, I'd recommend exercising some caution here. Don't go all-in. Size down, manage your risk properly, and stay flexible. Sometimes the charts tell us to wait rather than chase.
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RektButAlive
· 13h ago
Wait, is this operation meant to make me hold or clear my position? I'm a bit confused.
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RugpullSurvivor
· 13h ago
Wait, is it that old saying again? As long as the daily chart doesn't break the low point, there's no continuation signal. I've heard that a thousand times... Is it true or not, can it be different this time?
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fomo_fighter
· 13h ago
You're talking about fill pattern again. I just want to know where the bottom actually is.
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0xOverleveraged
· 13h ago
Don't worry, wait a bit before talking... Something's a bit off with this wave of BTC.
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JustHereForAirdrops
· 13h ago
Wait, daily didn't break the previous low? Then this wave of selling pressure chart is indeed a bit fake, I think this guy's analysis is not wrong. BTC oscillating within the distribution range indeed requires caution; only full-position "Iron Head" players would do it. I'll still observe for now, not in a hurry to get in.
Zooming into the longer timeframe reveals something crucial—if today's daily candle fails to close below the previous low, we might be looking at a weak signal for continuation. Here's the thing: when that happens, it suggests the Sell Fill Pattern isn't really setting up for what we'd hope for. Given that BTC could currently be trapped in a distribution range, I'd recommend exercising some caution here. Don't go all-in. Size down, manage your risk properly, and stay flexible. Sometimes the charts tell us to wait rather than chase.