BTC is still in the same pattern highlighted in the video 12+ hours ago. We have made a bit of a bull break and bit of a bear break as well with 0 follow through in either direction. This has kept us tight, knowing that a break is imminent this morning either losing 4 hour higher lows, or breaking $7,340 for continuation. The daily and weekly bulls are looking for as much follow through as possible to shift odds in their favor on the weekly equilibrium. When we lose the 4 hour uptrend, we will look for another daily higher low to be set. Bulls still comfortable with the 4 hour and daily trends intact. If entering on a bull break I personally would look to take profit in the short term rather than sit through any 4 hour consolidation.
My idea is right here if anyone would like to take a look. It was the end of the line for Bitcoin.
HanktheTank
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Fun times. If only Gold, or any other asset would yield as much. Even in it's "doldrums" phase, Bitcoin still posts +/- about 5% daily, which we must admit is more than most assets.
OTOH, if you have any other suggestions of great opportunities, I'd be happy to hear them.
OptionsUN1TED
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Agreed with all. Higher low is almost complete on the daily in which, it's almost time to take profits as you said.