BTC has been consolidating after the temporary bounce top on the daily and the way the 4 hour chart has been in a downtrend, without bears getting much follow through, has lead to scouting for a daily higher low.
Remember the bounce leaders like ETH, XRP and others have been setting little daily higher lows on their way up while BTC just went straight from the low to the high of the bounce on the daily.
At this point, after being stopped out in the $8,200s, I am scouting a spot I like for a potential re-entry on that position. There will be opportunity for both bulls and bears to fish against the recent highs and lows of this daily range. With a bull break, we zoom out and look for a weekly lower high vs. $10,934. There is also still daily EMA resistance approaching which we have not tested yet on this bounce.
Remember the bounce leaders like ETH, XRP and others have been setting little daily higher lows on their way up while BTC just went straight from the low to the high of the bounce on the daily.
At this point, after being stopped out in the $8,200s, I am scouting a spot I like for a potential re-entry on that position. There will be opportunity for both bulls and bears to fish against the recent highs and lows of this daily range. With a bull break, we zoom out and look for a weekly lower high vs. $10,934. There is also still daily EMA resistance approaching which we have not tested yet on this bounce.
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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
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。