BTC 4 Hour Trend Must Change

Weakness continues in BTC as we do not have any indication of a daily higher low being set yet. 4 hour EMA resistance continues to reject the price, but the bears are not getting much follow through to the lower lows. BTC bears are using 4 hour EMA resistance as a guide. Volatility in general is likely to shrink the next week or two in my opinion.

ETH, LTC and some other alts are holding up well during this weakness, and they can only hope the strength in their BTC pairing charts continues when BTC does change the 4 hour trend bullish. If this were to play out we would likely see continued higher high on their USD daily charts. Still in LTC for about 4 days at this point as we ping pong between a $3 range.