BTC - H4 BULLISH
Updated
A few key points to review
- Volume has been increasing as this breakout from 67s occurred
- High lows are continuously being formed
- Gap to 7700 looks to want to be filled, as volume continues to increase and the orderbook for resistances looks thin between 7200-7700s.
- Traditional markets quarterly earnings will be releasing over the course of the next 2 weeks. As most earning reports will be poor, I expect traditional investors to hedge into other asset classes including Bitcoin.
- Volume has been increasing as this breakout from 67s occurred
- High lows are continuously being formed
- Gap to 7700 looks to want to be filled, as volume continues to increase and the orderbook for resistances looks thin between 7200-7700s.
- Traditional markets quarterly earnings will be releasing over the course of the next 2 weeks. As most earning reports will be poor, I expect traditional investors to hedge into other asset classes including Bitcoin.
Note
Sticking to the plan for 
BTC as follows with no changes for me at all per prior chart.- Looking for a strong daily close above 7220 for me to stay in.
- If we break below 7150 on the daily, I will look to open additional shorts.
- Currently flat after a quick short from 7310
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.