BTC Bulls have seen some great 5 min oversold bounces for some flips.
We saw higher highs last night but only by about $150.
This shows us bull momentum is slowing a bit.
If we lose the 4 hour higher lows we will lose EMA 12 4 hour support with it.
A clue will be weaker 5 min oversold bounces and we will eventually see hourly oversold conditions, which will be another bounce signal to watch for.
I personally view the bulls in full control until the 4 hour uptrend is lost, then we look for healthy daily continuation.
Watching to see which alt coins pick up activity if BTC volatility slows down today.
We saw higher highs last night but only by about $150.
This shows us bull momentum is slowing a bit.
If we lose the 4 hour higher lows we will lose EMA 12 4 hour support with it.
A clue will be weaker 5 min oversold bounces and we will eventually see hourly oversold conditions, which will be another bounce signal to watch for.
I personally view the bulls in full control until the 4 hour uptrend is lost, then we look for healthy daily continuation.
Watching to see which alt coins pick up activity if BTC volatility slows down today.
Bình luận:
EDIT: Lose the 4 hour uptrend and we look for CONSOLIDATION not continuation ; )
Checkout our full trading resources online www.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