BTC Tightening Range on the Hourly

1 thg 11, 2018

Almost a triple bottom (yellow circles) on the hourly since the pullback from yesterdays huge move to the upside.

Supporthttps://www.tradingview.com/chart/X8yaAewV/: 6353

Resistance: 6420

Anything under 6420 is just a lower high on the hourly. Would have to get over 6500 to get over the slump from Oct 29.

RSI: 50 with a slight uptick...neutral.

Volume: declining.

EMA's We lost both the 25 and 7 period EMA's on the hourly with the inside bar bear break around 0700 UTC. So far unable to get over either and turn resistance to support.
Right now this is all I'm watching with BTC since a failure to get over the exponentials on this time frame would mean any short term upside is likely capped.

Not interested in ANY long positions on BTC until we sucessfully close above 6823 and 7.4k. The bears are still in full control.

Again, I'm no expert, I'm just a random guy on Trading View doing this to learn TA and hopefully share something helpful. Thanks for reading.

--the CryptoHound