BTC Daily Inside Bar
The 4 hour line in the sand support broke yesterday, leading to a dump and 15 min RSI in the teens as hourly RSI hit right above 30.
First hourly oversold bounce from a 7 day bull run got a lot of bounce follow through as is usually the case.
Now we have a daily inside bar and I am watching the "Higher low every day" pattern.
A break of $11,187 today would lose that pattern and have us looking for the daily higher low. If the inside bar today holds, it will require a break of today's low to see clear daily consolidation. I played the oversold bounce for a quick flip, and still patiently waiting all cash for a more clear setup. Bears are watching for a 4H lower high to try and top fish $12,320 resistance.
First hourly oversold bounce from a 7 day bull run got a lot of bounce follow through as is usually the case.
Now we have a daily inside bar and I am watching the "Higher low every day" pattern.
A break of $11,187 today would lose that pattern and have us looking for the daily higher low. If the inside bar today holds, it will require a break of today's low to see clear daily consolidation. I played the oversold bounce for a quick flip, and still patiently waiting all cash for a more clear setup. Bears are watching for a 4H lower high to try and top fish $12,320 resistance.
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Disclaimer
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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.