BTC daily Higher Lows on Watch
BTC bulls not able to get much follow through as the bull break occurred after a significant bounce from a dump.
If we lose the daily uptrend, we will look for weekly consolidation and a higher low.
After everything that has happened the last 3 weeks, we have still not lost the daily uptrend.
This would indicate potentially tightening ranges for another few weeks at least.
The other possibility would be bulls holding the higher lows and slowly making their way up through limited resistance to recent highs.
In my opinion bears have favor and a loss of the daily uptrend is more likely than not this week.
A loss of the uptrend is an entry signal for patient bears.
Keep an eye on LTC the leader for clues, and XRP for the clear tightening daily equilibrium that is set to break within a couple days.
If we lose the daily uptrend, we will look for weekly consolidation and a higher low.
After everything that has happened the last 3 weeks, we have still not lost the daily uptrend.
This would indicate potentially tightening ranges for another few weeks at least.
The other possibility would be bulls holding the higher lows and slowly making their way up through limited resistance to recent highs.
In my opinion bears have favor and a loss of the daily uptrend is more likely than not this week.
A loss of the uptrend is an entry signal for patient bears.
Keep an eye on LTC the leader for clues, and XRP for the clear tightening daily equilibrium that is set to break within a couple days.
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