BTC consolidation all weekend with no red flags for bulls at this point.
Watching daily EMA 12 support which continues to hold.
Using both it, and EMA 26 as a guide for this consolidation, bulls happy as long as we keep closing over these levels.
We are watching the daily pattern of a lower high every day the last 7 days. This pattern breaking will be an indication the higher low has been set.
Short term bounces in LTC and ETH pairings of BTC. Watching the next couple days to see if they are just bear flags, which is still possible at this point.
Personally all cash and in no rush to establish a position until the daily lower highs break or we see 4H oversold conditions.
Watching daily EMA 12 support which continues to hold.
Using both it, and EMA 26 as a guide for this consolidation, bulls happy as long as we keep closing over these levels.
We are watching the daily pattern of a lower high every day the last 7 days. This pattern breaking will be an indication the higher low has been set.
Short term bounces in LTC and ETH pairings of BTC. Watching the next couple days to see if they are just bear flags, which is still possible at this point.
Personally all cash and in no rush to establish a position until the daily lower highs break or we see 4H oversold conditions.
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