After the daily bear break and loss of the uptrend, BTC bulls are making an impact with a significant recovery back towards resistance levels.
The hourly RSI is fairly high at this point, so we are watching for a healthy 4 hour higher low to form.
The bulls continue to prove resiliency over the last couple months, increasing the odds of a weekly bull break.
LTC bulls have a very strong daily chart and I am personally looking to establish a position there for a move into the mid $60s if we see BTC break $4,239 resistance.
If BTC Loses the hourly uptrend, we will be looking at daily tightening ranges into the weekend.
A good number of bears that entered on the recent weakness and continuation, have been stopped out.
The hourly RSI is fairly high at this point, so we are watching for a healthy 4 hour higher low to form.
The bulls continue to prove resiliency over the last couple months, increasing the odds of a weekly bull break.
LTC bulls have a very strong daily chart and I am personally looking to establish a position there for a move into the mid $60s if we see BTC break $4,239 resistance.
If BTC Loses the hourly uptrend, we will be looking at daily tightening ranges into the weekend.
A good number of bears that entered on the recent weakness and continuation, have been stopped out.
Checkout our full trading resources online www.chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social