BTC 4 Hour Support Test after Bull continuation Fail
BTC tested resistance and rejected with a 4 hour lower high, and a pullback to test support.
If we lose this 4 hour uptrend, daily consolidation to find a higher low will be underway.
Another possible scenario is a bear break with a lack of follow through, which would be a bullish signal of a healthy daily higher low forming.
I personally entered the LTC bull break last night looking for continuation in the sector and as soon as it was clear BTC was not going to get the same bull break, I exited with a small loss.
Still playing with very small positions waiting for weekly clarity in most of the sector.
Bulls are looking for potential hourly or 4 hour oversold conditions to try and enter on the daily higher low.
Bears are either already in or looking to top fish weekly resistance just over $4,200.
All about the daily uptrend at this point.
If we lose this 4 hour uptrend, daily consolidation to find a higher low will be underway.
Another possible scenario is a bear break with a lack of follow through, which would be a bullish signal of a healthy daily higher low forming.
I personally entered the LTC bull break last night looking for continuation in the sector and as soon as it was clear BTC was not going to get the same bull break, I exited with a small loss.
Still playing with very small positions waiting for weekly clarity in most of the sector.
Bulls are looking for potential hourly or 4 hour oversold conditions to try and enter on the daily higher low.
Bears are either already in or looking to top fish weekly resistance just over $4,200.
All about the daily uptrend at this point.
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