TheChartGuys

BTC Daily Equilibrium Watch

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
After the first 3 days of the bounce started shaping up as a potential bear flag , the bulls are breathing a sign of relief for the bounce follow through that is making the daily equilibrium more likely.

Bulls are looking for one more push to the low $11,000s to get to the midway point within the range. Watching the 4 hour uptrend to see how long the bulls can keep control.

The weekly chart has bounced off EMA12 for a 4th time recently and the burden of proof longer term is on the bears to lose that support in order to see monthly consolidation.

Currently still in a 12% position from the scaling in bounce. I have yet to decide if I will look to exit on the daily lower high, or try and hold through the equilibrium for the potential of a bull break. Being a smaller position gives me the flexibility with decisions like that.

Comments

Thanks for the TA dan
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out