Bitcoin Potential 4 hour Bull Flag
A very impressive day yesterday for the bulls, creating tons of space above key 9k support, and increasing odds significantly that when this move does top out, a daily higher low will likely form.
Note the daily trend change will still be needed for the complete shift in momentum back to the bulls, with a clear daily higher low and higher high. Anything under $10,680 is still a daily lower high, and $10,800 is the mid way point on the weekly chart between the recent lower high, and higher low.
In the recent video I talked about looking for an entry on the daily higher low in the mid $9,000s and now the target has changed to 10k and upper 9k based on the size of the move, and where 4 hour EMA support is climbing to. Bulls have already gotten 2 solid bounces from 5 min oversold conditions, which lets us know the bull momentum is strong.
Bitcoin dominance continues to grow and ETHBTC and LTCBTC hit fresh lows yesterday.
Note the daily trend change will still be needed for the complete shift in momentum back to the bulls, with a clear daily higher low and higher high. Anything under $10,680 is still a daily lower high, and $10,800 is the mid way point on the weekly chart between the recent lower high, and higher low.
In the recent video I talked about looking for an entry on the daily higher low in the mid $9,000s and now the target has changed to 10k and upper 9k based on the size of the move, and where 4 hour EMA support is climbing to. Bulls have already gotten 2 solid bounces from 5 min oversold conditions, which lets us know the bull momentum is strong.
Bitcoin dominance continues to grow and ETHBTC and LTCBTC hit fresh lows yesterday.
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
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.
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
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.