With the bear push this morning we are looking to form a 4 hour higher low at some point today and remain in the tightening daily range at least until tomorrow.
This range is very important because it will give us a significant shift in the % odds the current weekly consolidation is done to head back to $9k vs. needing to head down to $7k.
We also much look for follow through on the break whichever direction it occurs.
If we bear break with no follow through, we will look bullish, and a bull break with no follow through will keep us cautious.
Currently still in the LTC swing after taking some profit , which I will establish my new stop levels around once BTC gives us more, clear, tightening ranges.
A waiting game for those in cash awaits!
This range is very important because it will give us a significant shift in the % odds the current weekly consolidation is done to head back to $9k vs. needing to head down to $7k.
We also much look for follow through on the break whichever direction it occurs.
If we bear break with no follow through, we will look bullish, and a bull break with no follow through will keep us cautious.
Currently still in the LTC swing after taking some profit , which I will establish my new stop levels around once BTC gives us more, clear, tightening ranges.
A waiting game for those in cash awaits!
Checkout our full trading resources online www.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