Bulls in full control breaking to higher highs and heading right to the zone everyone is watching in the $6,000s.
Every time we head to higher highs, some bears waiting for a new low of year are converted.
Every time we head to higher highs, the odds shift a bit more to favor the bottom being in.
ETH and LTC have clearly formed weekly higher lows, while BTC has yet to consolidate for a weekly higher low.
We will continue to monitor the 4 hour uptrend to keep the bulls in complete control.
Bears need to patiently wait to have resistances to trade against but I personally would need to see a loss of the 4 hour uptrend to indicate daily consolidation coming.
Time frame trends:
Yearly: Uptrend
Monthly: Downtrend
Weekly: Uptrend
Daily: Uptrend
4-Hour: Uptrend
Hourly: Uptrend
Ask yourself... are you fighting the trend?
Every time we head to higher highs, some bears waiting for a new low of year are converted.
Every time we head to higher highs, the odds shift a bit more to favor the bottom being in.
ETH and LTC have clearly formed weekly higher lows, while BTC has yet to consolidate for a weekly higher low.
We will continue to monitor the 4 hour uptrend to keep the bulls in complete control.
Bears need to patiently wait to have resistances to trade against but I personally would need to see a loss of the 4 hour uptrend to indicate daily consolidation coming.
Time frame trends:
Yearly: Uptrend
Monthly: Downtrend
Weekly: Uptrend
Daily: Uptrend
4-Hour: Uptrend
Hourly: Uptrend
Ask yourself... are you fighting the trend?
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.
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.