Bitcoin is beginning to form new lows on a few major timeframes. The 4hr chart, which is shown above shows 4H candles closing below recent lows.
The next major confirmation that we are only ~1 hour away from is the Daily chart forming a new low. This is an idea that was talked about a few days ago (viewable here). If we get this new daily candle low, this will be my confirmation that markets are turning bearish for some time to begin printing the next macro swing low.
Bitcoin is beginning to form new lows on a few major timeframes. The 4hr chart, which is shown above shows 4H candles closing below recent lows.
The next major confirmation that we are only ~1 hour away from is the Daily chart forming a new low. This is an idea that was talked about a few days ago (viewable here). If we get this new daily candle low, this will be my confirmation that markets are turning bearish for some time to begin printing the next macro swing low.