Healthy consolidation as bulls try and form a 4 hour higher low.
EMA 12 and 26 support is catching up and we are likely to see an equilibrium tightening range form today.
The Hourly chart hitting a lower high and lower low, without getting much follow through, is also a good sign for bulls.
Both longs and shorts have been closing out leveraged positions during the most recent consolidation.
If the bulls cannot see continuation today, we will have a daily inside bar.
Still holding 2/3 my BTC position and I will look to exit if the current low of consolidation breaks.
EMA 12 and 26 support is catching up and we are likely to see an equilibrium tightening range form today.
The Hourly chart hitting a lower high and lower low, without getting much follow through, is also a good sign for bulls.
Both longs and shorts have been closing out leveraged positions during the most recent consolidation.
If the bulls cannot see continuation today, we will have a daily inside bar.
Still holding 2/3 my BTC position and I will look to exit if the current low of consolidation breaks.
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Disclaimer
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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.