BTC bulls made some significant follow through on the resistance break during the live stream yesterday.
Now we have set a double top and started consolidation.
Back test of 4 hour EMA support this morning as the bulls look for a healthy higher low.
ETH and LTC were laggards to the bull move on BTC but now we are seeing more significant consolidation with 5 and 15 min RSI levels oversold long before BTC.
If BTC loses the 4 hour uptrend we will have a daily lower high and tightening range set to start the week.
Bears potentially looking for the loss of the 4 hour uptrend as an entry signal for a bear swing trade.
Now we have set a double top and started consolidation.
Back test of 4 hour EMA support this morning as the bulls look for a healthy higher low.
ETH and LTC were laggards to the bull move on BTC but now we are seeing more significant consolidation with 5 and 15 min RSI levels oversold long before BTC.
If BTC loses the 4 hour uptrend we will have a daily lower high and tightening range set to start the week.
Bears potentially looking for the loss of the 4 hour uptrend as an entry signal for a bear swing trade.
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