![](https://steemitimages.com/DQmdpt27Rfy7ySGJDVHdVGTyNxvD1hiBJhf4TqspnmCA4Zp/image.png)

<h2> CAUTION - NO GENERAL DIRECTION - INDECISIVE MARKET - I SMELL FEAR  </h2>

https://youtu.be/SMl1tktWOBs

I see BTC Range bound hovering directly on the 55 EMa on 5 minute chart.

![](https://steemitimages.com/DQmRPn8UnwBk7QRGnYPHdCw4zXsfrqGCuyjkKgHMBSAa5ig/image.png)

2 hour chart shows rejection with long wicks through the 55 EMA resistance.
![](https://steemitimages.com/DQmSUJPCqA6NRgY1jCax4gfe4NcVcEj6MY6XzNZWxPCbBCZ/image.png)

The daily chart shows a beautiful hammer with volume  closing in 1 hour that may signal a rally tomorrow.
![](https://steemitimages.com/DQmZMJbRGoGm1azeTWq4aW3KPWvosxcUmVKQKwkuGXk9HL2/image.png)

Key support levels have not changed:

![](https://steemitimages.com/DQmQkMFi3hNutKN5nS9W2r7Znpzz5oa3iHwe76JXeMZdjxZ/image.png)

If we can hold above 11K, I would presume a  short term bullish uptrend into the next day if the daily candle closes with a hammer.

![](https://steemitimages.com/DQmWH28QfS66ueCCJnUxyTmYqDYyAqWR2ow35gwKmjqH2p3/image.png)

<h2>Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders</h2>

Please consider these videos:

[Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex](https://steemit.com/bitfinex/@philakonecrypto/bitfinex-how-to-customer-and-set-up-bitfinex)
[Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy](https://steemit.com/reading/@philakonecrypto/tutorial-part-2-how-to-analyze-candlesticks-charts-with-strategy)
[Lesson 3- Let's learn Moving Averages](https://steemit.com/trading/@philakonecrypto/video-tutorial-series-to-help-beginners-let-s-learn-moving-averages-like-a-boss)
[Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy](https://steemit.com/bitcoin/@philakonecrypto/tutorial-series-video-4-let-s-learn-relative-strength-index-rsi-with-advanced-strategy)
[Lesson 5 Let's Learn MACD and Histogram](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-5-let-s-learn-macd-and-historgram)
[Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-6-let-s-learn-margin-trading-long-short-leveraging)
[Lesson 7 Let's Learn Basic Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-7-let-s-learn-basic-risk-management)
[Lesson 8 Let's Learn Fibonacci Retracement Part 1](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-8-let-s-learn-fibonacci-retracement-part-1)
[Lesson 9 Let's Learn Fibonacci Extension Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-9-let-s-learn-fibonacci-extension-part-2)
[Lesson 10 Let's Learn Laddering](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-introduction-to-laddering)
[Lesson 11 Let's Learn Time Frames](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-11-let-s-learn-time-frames)


Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1

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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.