TheChartGuys

BTC Looking for a 4 hour Higher Low

COINBASE:BTCUSD   Bitcoin
BTC bulls broker the daily equilibrium bullish, but I must admit the fact that it happened in a 20 minute bull move and has not seen any continuation, is a red flag to me.
We have to break the high of the initial bounce at $4,239 in order to see a clear break and follow through.
This is still 5-6% away at this point.
ETH and LTC have both shown what a clear daily break and follow through look like.
Many daily inside bars potentially forming if we cannot see continuation to higher highs.
Loss of the 4 hour uptrend would be another red flag for bulls.
We are seeing the first daily EMA 12 and 26 bull cross in a long time, but again without breaking that resistance level the bulls do not PROVE anything to me.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.