BTC is forming an hourly EQ pattern with a double bottom as support.
We will likely see a break within the next 6 hours but until then expect low volume and a lack of price movement.
If we get a bull break, we will be heading towards $8,880 resistance on the daily.
If we get a bear break, we will be looking for further consolidation on the 4 hour, and for the daily chart to pull back in a need to form a higher low.
Currently back to all cash and waiting for some more clarity this week.
As highlighted in the video yesterday, this is going to be a key week heading forward as to whether or not our weekly higher low in the long term equilibrium has been set yet or not.
Establish a game plan for both scenarios... what will I do on a bull break of this EQ?
A bear break? Nothing is an acceptable answer!
We will likely see a break within the next 6 hours but until then expect low volume and a lack of price movement.
If we get a bull break, we will be heading towards $8,880 resistance on the daily.
If we get a bear break, we will be looking for further consolidation on the 4 hour, and for the daily chart to pull back in a need to form a higher low.
Currently back to all cash and waiting for some more clarity this week.
As highlighted in the video yesterday, this is going to be a key week heading forward as to whether or not our weekly higher low in the long term equilibrium has been set yet or not.
Establish a game plan for both scenarios... what will I do on a bull break of this EQ?
A bear break? Nothing is an acceptable answer!
Checkout our full trading resources online 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
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Checkout our full trading resources online 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
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.