BTC Bulls Significant Follow Through
Congrats bulls!
This is the most significant move we have seen in a long time, and it gives bulls plenty of space to form a daily higher low when consolidation does come.
Bulls have a good chance of seeing a bull cross of EMA 12 and 26 on the daily as well as long as daily consolidation is healthy when it comes.
The hourly and 4 hour up trends are clear with supports established, and EMA 12 on these time frames will be supports to watch as well.
Note the 4 hour RSI is getting a bit extended and we are due for 4 hour consolidation today to form another higher low.
We are already shaping up for a high volume day with a long way to go.
I had 1 sell order fill on coinbase $3,789 while sleeping, putting me down to a half position from my original entry. From here I will continue to play the 4 hour uptrend for the rest of the position.
Bears should be patient and wait for at least a loss of the hourly uptrend.
This is the most significant move we have seen in a long time, and it gives bulls plenty of space to form a daily higher low when consolidation does come.
Bulls have a good chance of seeing a bull cross of EMA 12 and 26 on the daily as well as long as daily consolidation is healthy when it comes.
The hourly and 4 hour up trends are clear with supports established, and EMA 12 on these time frames will be supports to watch as well.
Note the 4 hour RSI is getting a bit extended and we are due for 4 hour consolidation today to form another higher low.
We are already shaping up for a high volume day with a long way to go.
I had 1 sell order fill on coinbase $3,789 while sleeping, putting me down to a half position from my original entry. From here I will continue to play the 4 hour uptrend for the rest of the position.
Bears should be patient and wait for at least a loss of the hourly uptrend.
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Penafian
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