BTC 4 Hour Uptrend Comfortable
Bulls holding on to their slow and steady momentum, with about 5% space above the last clear 4 hour higher low. This means even if we see a consolidation day today the uptrend can remain intact.
This is the most important time frame for me into the weekend as it will give us information on the likelihood of the daily equilibrium forming or not.
With the BTC pairings of ETH and LTC still potential bear flags on the weekly it will be up to the coins to break out of their daily ranges harder than BTC in order to gain ground on the dominance creeping back in.
Bears are scouting a top fishing entry with $11,100. Bulls are either in positions or patiently waiting (and hoping) that the daily equilibrium does continue to tighten with a lower high.
This is the most important time frame for me into the weekend as it will give us information on the likelihood of the daily equilibrium forming or not.
With the BTC pairings of ETH and LTC still potential bear flags on the weekly it will be up to the coins to break out of their daily ranges harder than BTC in order to gain ground on the dominance creeping back in.
Bears are scouting a top fishing entry with $11,100. Bulls are either in positions or patiently waiting (and hoping) that the daily equilibrium does continue to tighten with a lower high.
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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.