BTC 4 Hour Equilibrium
BTC 4 hour equilibrium as anticipated since our top was set at $10,540. We will be looking for a break later today. With a bull break we will be headed back to recent high and with a bear break we will be looking at daily consolidation needing to find a higher low.
Currently the bulls are trying to hold EMA12 support for the 4H higher low, but we have not seen enough bounce just yet to say it has been set. Currently still in a position and will ride it out until the daily uptrend is lost. This means sitting through finding a daily higher low if need be.
Overall the bulls are pleased with how their gains have held up. Now the question is: Can continued pressure be put on all the new shorts from the last couple days? Stay Tuned!
Currently the bulls are trying to hold EMA12 support for the 4H higher low, but we have not seen enough bounce just yet to say it has been set. Currently still in a position and will ride it out until the daily uptrend is lost. This means sitting through finding a daily higher low if need be.
Overall the bulls are pleased with how their gains have held up. Now the question is: Can continued pressure be put on all the new shorts from the last couple days? Stay Tuned!
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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.