A very impressive day yesterday for the bulls, creating tons of space above key $9k support, and increasing odds significantly that when this move does top out, a daily higher low will likely form.
Note the daily trend change will still be needed for the complete shift in momentum back to the bulls, with a clear daily higher low and higher high. Anything under $10,680 is still a daily lower high, and $10,800 is the mid way point on the weekly chart between the recent lower high, and higher low.
In the recent video I talked about looking for an entry on the daily higher low in the mid $9,000s and now the target has changed to $10k and upper $9k based on the size of the move, and where 4 hour EMA support is climbing to. Bulls have already gotten 2 solid bounces from 5 min oversold conditions, which lets us know the bull momentum is strong.
Bitcoin dominance continues to grow and ETHBTC and LTCBTC hit fresh lows yesterday.
Note the daily trend change will still be needed for the complete shift in momentum back to the bulls, with a clear daily higher low and higher high. Anything under $10,680 is still a daily lower high, and $10,800 is the mid way point on the weekly chart between the recent lower high, and higher low.
In the recent video I talked about looking for an entry on the daily higher low in the mid $9,000s and now the target has changed to $10k and upper $9k based on the size of the move, and where 4 hour EMA support is climbing to. Bulls have already gotten 2 solid bounces from 5 min oversold conditions, which lets us know the bull momentum is strong.
Bitcoin dominance continues to grow and ETHBTC and LTCBTC hit fresh lows yesterday.
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