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TheChartGuys
Jun 11, 2019 10:43 AM

BTC 4 Hour Equilibrium Setup 

Bitcoin / United States DollarCoinbase

Description

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!
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