BTC Scouting 4H Higher Low
This is the daily chart view, but it is important to zoom in and note the 4 hour time frame is still very healthy consolidation still giving the bulls a chance to break resistance. If the 4H uptrend is lost without breaking the top $8,535, we will be looking for the daily range to remain tight through the week.
If alt coins like XRP and EOS that have seen a clear move higher lose their 4 hour uptrends, we zoom out and look for daily higher lows.
ETHUSD has a double top at resistance as does ETHBTC, both on the verge of another leg up but yet to follow through.
Currently all cash after the LINK trade Sunday and patiently waiting for tight ranges to break. Keep bigger picture in mind, IF we bull break, we look for a weekly lower high.
If alt coins like XRP and EOS that have seen a clear move higher lose their 4 hour uptrends, we zoom out and look for daily higher lows.
ETHUSD has a double top at resistance as does ETHBTC, both on the verge of another leg up but yet to follow through.
Currently all cash after the LINK trade Sunday and patiently waiting for tight ranges to break. Keep bigger picture in mind, IF we bull break, we look for a weekly lower high.
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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.