With the big drop yesterday in BTC and more notably alts, we are seeing the standard tightening ranges of the equilibrium pattern that results when you have significant volatility in both directions.
If we break bull this morning, we will zoom out and scout a 12H lower high, and the daily chart will continue to tighten up as well, heading for a break to end this week.
If this hourly range breaks bear, we will look to test recent lows in the $94ks.
Note we are seeing BTC.D bounce on the weekly as alts drop into weekly consolidation, as highlighted as one of the more likely potential paths forward in our recent live stream on youtube.
If we break bull this morning, we will zoom out and scout a 12H lower high, and the daily chart will continue to tighten up as well, heading for a break to end this week.
If this hourly range breaks bear, we will look to test recent lows in the $94ks.
Note we are seeing BTC.D bounce on the weekly as alts drop into weekly consolidation, as highlighted as one of the more likely potential paths forward in our recent live stream on youtube.
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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.
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.