ETH broke the 4 hour equilibrium bullish with BTC, but did not have the momentum to clear the next hurdle of resistance as well.
They now both have double tops to be watching for the rest of the day.
I personally dont like entries on consolidation right now due to the upper wick from daily EMA resistance on BTC but if I were a bull and had to make an entry it would be looking for this 4 hour higher low.
Other bulls are patiently waiting for a break, to have more clarity.
Bears will be all over both coins if the 4 hour uptrend is lost.
Currently all cash and patient as this is not an ideal trading environment. Yesterday was an example where seeing the 4 hour equilibrium setup told me to focus on stocks and trade other things that day. I am currently getting the same reading at least to start today.
They now both have double tops to be watching for the rest of the day.
I personally dont like entries on consolidation right now due to the upper wick from daily EMA resistance on BTC but if I were a bull and had to make an entry it would be looking for this 4 hour higher low.
Other bulls are patiently waiting for a break, to have more clarity.
Bears will be all over both coins if the 4 hour uptrend is lost.
Currently all cash and patient as this is not an ideal trading environment. Yesterday was an example where seeing the 4 hour equilibrium setup told me to focus on stocks and trade other things that day. I am currently getting the same reading at least to start today.
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.