With 4 hour EMA resistance looming, BTC bulls are looking for a 4 hour higher low and trend change to see the oversold bounce follow through on the daily.
4 hour Bull MACD crosses used to be a good signal earlier in the year for longer term oversold bounces to get some follow through.
If we change the trend on the 4 hour chart we will zoom out to the daily and look for a lower high to be set.
Patient bulls can look for an entry on the 4 hour higher low, with a stop under the low of the dump to remain protective.
Patient bears are waiting for a daily lower high before entry (or re-entry)
Great volatility in both directions these days with 5% moves common, and magnified in alt coins.
4 hour Bull MACD crosses used to be a good signal earlier in the year for longer term oversold bounces to get some follow through.
If we change the trend on the 4 hour chart we will zoom out to the daily and look for a lower high to be set.
Patient bulls can look for an entry on the 4 hour higher low, with a stop under the low of the dump to remain protective.
Patient bears are waiting for a daily lower high before entry (or re-entry)
Great volatility in both directions these days with 5% moves common, and magnified in alt coins.
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