BTC 4 Hour Equilibrium Perfection
To those that do not know technical analysis, this chart may look cluttered and confusing.
Every line is a bounce or rejection in a smaller and smaller range.
There is a break imminent, likely tomorrow (Saturday).
We will look for a volume break associated with the break, and we will have to see all levels in that direction break in order to believe we will get follow through.
Looking for a bounce above support this morning to remain in the tightening range.
BTC dominance continues to climb as alts continue to get crushed. Follow the money and stick with the leader until there is a clear shift in daily trends on BTC pairings.
If we get a bull break, we look to 2019 highs. If we get a bear break we look for a daily higher low to form and watch daily EMA 12/26 support.
Every line is a bounce or rejection in a smaller and smaller range.
There is a break imminent, likely tomorrow (Saturday).
We will look for a volume break associated with the break, and we will have to see all levels in that direction break in order to believe we will get follow through.
Looking for a bounce above support this morning to remain in the tightening range.
BTC dominance continues to climb as alts continue to get crushed. Follow the money and stick with the leader until there is a clear shift in daily trends on BTC pairings.
If we get a bull break, we look to 2019 highs. If we get a bear break we look for a daily higher low to form and watch daily EMA 12/26 support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.