Weekly says bearish, daily BOS still holding. Which one wins?

Weekly says bearish, daily BOS still holding. Which one wins?

BTC daily is showing something worth watching right now.

The weekly structure is bearish across the board. The daily CHoCH just flipped bearish too, which is why the overall bias reads bearish on the dashboard.

But the daily BOS is still bullish. That means the sequence of higher highs and higher lows on the daily has not broken down yet. The character changed, the structure has not confirmed it.

That gap between CHoCH and BOS is where a lot of fakeouts happen in both directions. Bears see the CHoCH and short. Bulls see the BOS holding and buy. Until one of them breaks, price tends to chop.

For me the level to watch is whether daily BOS flips bearish. If it does, the whole dashboard aligns bearish and the move has more conviction behind it. Until then the conflict is worth respecting.

I built this dashboard to track exactly this kind of disagreement across timeframes. I published it free and open-source on TradingView. Join us and claim the indicator for free.

Anyone else watching this same level on the daily?

submitted by /u/WhyYouMadBro_ to r/btc
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Quelle: bitcoin-en