Cryptuoso
BTC 4 hour Currently an EquilibriumBulls showed up overnight and have great positioning for today.
VERY healthy hourly consolidation after the big move up shows me the bears were caught a bit off guard.
Currently a low volume 4 hour inside bar, if we break it bearish that means we stay in the 4 hour Equilibrium longer.
Hourly EMA levels are support and a bull break will result in a bullish 4 hour EMA 12 and 26 cross for the first time since the drop from the mid $5,000s. A bull break will have us look to daily EMA resistances as the next target.
Shorts have yet to do much covering, which we expect will change significantly if we break $4,120 for continuation.
A few altcoins, LTC included, have already broken to 4 hour higher highs.
Still riding half of my position and liking the setup much better today.
