Consolidation continues as the bulls search for the daily higher low.
We are currently just below the midway point of the bounce, so any significant follow through for bears under $10,000 will begin to favor either bearish daily lower lows, or an equilibrium as opposed to a bullish trend change.
There is little support in this area so we are looking at psychological support levels.
BTC is getting extended on the 4H chart with no lower high set since $10,688.
This will have me looking for the bulls to show up today for a 4 hour lower high to be set.
Currently no plans to add to smaller BTC and LTC positions unless we get to hourly RSI in the mid to lower 20s on BTC.
LTC and ETH holding up better than BTC yesterday.
We are currently just below the midway point of the bounce, so any significant follow through for bears under $10,000 will begin to favor either bearish daily lower lows, or an equilibrium as opposed to a bullish trend change.
There is little support in this area so we are looking at psychological support levels.
BTC is getting extended on the 4H chart with no lower high set since $10,688.
This will have me looking for the bulls to show up today for a 4 hour lower high to be set.
Currently no plans to add to smaller BTC and LTC positions unless we get to hourly RSI in the mid to lower 20s on BTC.
LTC and ETH holding up better than BTC yesterday.
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