BTC saw some continuation for bulls last night before morning consolidation has shifted momentum.
We have lost the hourly higher lows which means we are looking for more drawn out 4 hour consolidation.
Potential for a 4 hour bear MACD cross today as well. Watching for 4 hour inside bar formation.
Watching for increased bear volume and a 4 hour lower high to indicate the potential shift on the longer term time frames.
Potential for a daily equilibrium to form over the next few days if the bears keep control today and head back to $9k.
Currently all cash and patient not trying to trade in a choppy, less favorable environment.
We have lost the hourly higher lows which means we are looking for more drawn out 4 hour consolidation.
Potential for a 4 hour bear MACD cross today as well. Watching for 4 hour inside bar formation.
Watching for increased bear volume and a 4 hour lower high to indicate the potential shift on the longer term time frames.
Potential for a daily equilibrium to form over the next few days if the bears keep control today and head back to $9k.
Currently all cash and patient not trying to trade in a choppy, less favorable environment.
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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.