The 4 Hourly Bitcoin chart shows us that after putting a Lower-High the price action came down below the EMA(50) and printed a second Lower-High.
Now the price action is even below the "Value Area Low" This is a clear indication that the Bears are in control of the price action.
Below are the VRVP values for Bitcoin on the 4 Hourly.
Point of Control:21,398
Value Area High:24,696
Value Area Low:20,047
Now the price action is even below the "Value Area Low" This is a clear indication that the Bears are in control of the price action.
Below are the VRVP values for Bitcoin on the 4 Hourly.
Point of Control:21,398
Value Area High:24,696
Value Area Low:20,047