BTC tightening range, which was anticipated after the volatility yesterday morning. How was this anticipated? We saw a big spike in volatility with a bull break, which kicked in the bear bots to turn into a bear break... and as soon as we saw the size of the bounce forming off the low, the range was wise enough to expect an equilibrium within the wide range.
If we see a bull break after dropping to a daily lower low yesterday it will be notable that the bears have a lack of follow through. We are watching for a weekly higher low and this could potentially be our first clue.
Remember the last video where BNB and NEO were highlighted for their nice clear tightening daily ranges, they have both clearly broken bullish with solid follow through. Now we have ETH and LTC in daily tightening ranges to be watching for the rest of this week. The ideal entries for bulls continue to be off supports using daily higher lows as our guide.
If we see a bull break after dropping to a daily lower low yesterday it will be notable that the bears have a lack of follow through. We are watching for a weekly higher low and this could potentially be our first clue.
Remember the last video where BNB and NEO were highlighted for their nice clear tightening daily ranges, they have both clearly broken bullish with solid follow through. Now we have ETH and LTC in daily tightening ranges to be watching for the rest of this week. The ideal entries for bulls continue to be off supports using daily higher lows as our guide.
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