BTC 4 Hour Lower High, Lower Low
We are currently consolidating on the 4 hour time frame which is giving us a daily equilibrium.
Daily lower high has been set and now we look for a higher low compared to $8,602.
Watching 4 hour lower highs and as long as they are intact, the bears have short term control.
It is possible to stay in this daily equilibrium for another 3-4 days so patience is warranted.
The break of this pattern will give us clear direction heading into next weekend.
Still watching cautiously for the weekly lower high, but we would need a bear break from the daily equilibrium to see it form.
All cash and patient waiting for the trade to come to me.
Daily lower high has been set and now we look for a higher low compared to $8,602.
Watching 4 hour lower highs and as long as they are intact, the bears have short term control.
It is possible to stay in this daily equilibrium for another 3-4 days so patience is warranted.
The break of this pattern will give us clear direction heading into next weekend.
Still watching cautiously for the weekly lower high, but we would need a bear break from the daily equilibrium to see it form.
All cash and patient waiting for the trade to come to me.
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