BTC bulls keep up the slow grind and control after a bear attempt last night was met with bullish buying.
We saw 5 minutes of bear breaks met with 30+ minutes of buying at the ask to push the price to the highest levels in a couple days.
This is not the first time buying of the dip has saved EMA12 support on the 4 hour in the last few days.
Everyone is still watching weekly resistance $4,239 as we continue to get closer.
Volume will be key in determining the kind of follow through to be expected if we do break.
Some are not comfortable with a bull entry on this resistance break for BTC.
I must admit the last few months have me in the same place, but I do have my "Anti-FOMO" LTC positions which were entered in the last couple days. This is a smaller position but intended to give some of the action if the bulls are able to pull it off.
If not, a loss of the daily uptrend will be a small loss to be back to all cash patiently waiting.
Bears are going to be potentially top fishing this weekly resistance, and entering short in the upper $4,100s.
We saw 5 minutes of bear breaks met with 30+ minutes of buying at the ask to push the price to the highest levels in a couple days.
This is not the first time buying of the dip has saved EMA12 support on the 4 hour in the last few days.
Everyone is still watching weekly resistance $4,239 as we continue to get closer.
Volume will be key in determining the kind of follow through to be expected if we do break.
Some are not comfortable with a bull entry on this resistance break for BTC.
I must admit the last few months have me in the same place, but I do have my "Anti-FOMO" LTC positions which were entered in the last couple days. This is a smaller position but intended to give some of the action if the bulls are able to pull it off.
If not, a loss of the daily uptrend will be a small loss to be back to all cash patiently waiting.
Bears are going to be potentially top fishing this weekly resistance, and entering short in the upper $4,100s.
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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
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
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.