BitcoinLong
Bitcoin 4 hour chart for May 31, 2018
Much like the 30 minute chart, the fractal continues playing out on this time frame as well. We expect further movement up toward the $7700-$7800 area as the B leg completes. RSI and MACD agree with the previous fractal (albeit in a slightly more exaggerated fashion).
ETH shorts are at an all-time-high, so traders should remain aware of what happens with that crypto as well. If those shorts squeeze around the time that Bitcoin is nearing a breakout of this triangle, we could potentially see the entire market getting a large boost.
ETH shorts are at an all-time-high, so traders should remain aware of what happens with that crypto as well. If those shorts squeeze around the time that Bitcoin is nearing a breakout of this triangle, we could potentially see the entire market getting a large boost.
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