BTC 4 Hour Equilibrium Tightens

2 thg 7, 2018

Bitcoin in a tightening pattern on the 4 hour which is showing up as a daily inside bar.
The break of this range today will dictate momentum for this week as it is time for the bulls to prove follow through or shut up.
Healthy daily consolidation so far which is a great setup for follow through, but bulls have disappointed on many occasions the last few weeks.
The current setup will allow for a trade entry on a break in whichever direction, keeping in mind we have been seeing some fake outs.
Clear higher lows and lower highs to use as stop levels for those wanting to keep a tight leash on the trade.
Lots of patience waiting for this break, likely sometime within the next 8 hours or so.
Watch for volume to indicate potential follow through when the break occurs. Be skeptical of a low volume break.