BTC traded over 24 hours sideways on the hourly before a move up in a short term spike.
We have now been trading in this new range sideways for over 10 hours.
We are seeing illiquidity, tight ranges, and not a ton of volatility.
4 Hour EMA 12 resistance is the next level to watch for any bounce attempts.
Loss of hourly higher lows will be a red flag that we are heading back to recent lows.
We will either lose hourly EMA support, or see continuation and a bull cross of these EMAs sometime in the next couple hours.
Bulls either have break even/ small loss stop losses or are waiting for more clarity on longer term time frames.
We have now been trading in this new range sideways for over 10 hours.
We are seeing illiquidity, tight ranges, and not a ton of volatility.
4 Hour EMA 12 resistance is the next level to watch for any bounce attempts.
Loss of hourly higher lows will be a red flag that we are heading back to recent lows.
We will either lose hourly EMA support, or see continuation and a bull cross of these EMAs sometime in the next couple hours.
Bulls either have break even/ small loss stop losses or are waiting for more clarity on longer term time frames.
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