Can BTC Bulls Hold 4 Hour EMA Support?
Currently seeing healthy and contained consolidation after bulls were unable to break resistance.
Looking for the bulls to hold 4 hour EMA support to remain in full control.
If we lose this level we will be looking for a daily higher low.
Currently still riding ETH and BTC positions, my LTC stop was placed a bit higher and triggered overnight.
If we were to lose 4 hour EMA support, we will likely see BTC 15 min RSI get oversold for the first time since the bull move.
I keep looking to see what I would be entering if I were a bear but aside from scalps I would want to see a loss of the daily uptrend before I shifted focus from bulls to shorting.
Reminder to keep an eye on blockchain stocks like RIOT as well as GBTC today for some potential volatility opportunity.
Looking for the bulls to hold 4 hour EMA support to remain in full control.
If we lose this level we will be looking for a daily higher low.
Currently still riding ETH and BTC positions, my LTC stop was placed a bit higher and triggered overnight.
If we were to lose 4 hour EMA support, we will likely see BTC 15 min RSI get oversold for the first time since the bull move.
I keep looking to see what I would be entering if I were a bear but aside from scalps I would want to see a loss of the daily uptrend before I shifted focus from bulls to shorting.
Reminder to keep an eye on blockchain stocks like RIOT as well as GBTC today for some potential volatility opportunity.
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