TheChartGuys

BTC Hourly Equilibrium Bear Break

COINBASE:BTCUSD   Bitcoin / Dolar
Highlighted in the youtube video last night, the bear break of the hourly equilibrium is flushing the big 3 and alts.
We are entering hourly oversold conditions which have resulted in solid bounces over the last week.
Cautious to not catch a falling knife, as BTC             is clearly weaker than ETH and LTC this morning.
Daily chart is on the third day of consolidation, still healthy at this point considering where we came from.
Watching for a climax flush and bounce to indicate the bottom is in for now.
Always protect your trades and remember you can always exit break even or at a small loss and re-enter on another leg down.
Need to see a 15 min higher low and higher high to be confident the low of the morning is in.
Thanks man :)
Balas
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