BTC 4 Hour Equilibrium to Watch
Bulls are keeping EMA 12 support on the hourly but if this pattern breaks bear it will be lost.
Currently all cash and patiently waiting.
ETH is also in a 4 hour equilibrium, while LTC has pulled back significantly looking for the daily higher low to be set.
With a bull break we will be looking at $5,400 resistance on BTC.
Bulls are just now bouncing off support to try and form a solid higher low, so we may see this pattern continue to tighten into this afternoon.
Both bulls and bears will have some stops based on these levels, so we should see a clear volume spike when ranges break.
Currently all cash and patiently waiting.
ETH is also in a 4 hour equilibrium, while LTC has pulled back significantly looking for the daily higher low to be set.
With a bull break we will be looking at $5,400 resistance on BTC.
Bulls are just now bouncing off support to try and form a solid higher low, so we may see this pattern continue to tighten into this afternoon.
Both bulls and bears will have some stops based on these levels, so we should see a clear volume spike when ranges break.
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