TheChartGuys

BTC Breakout and Follow through

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
After daily resistance $4130 broke on Bitcoin the bulls showed up and ran with it most of the day.
The clear higher lows on the hourly are bases of support established on the way up.
We are currently close to losing the hourly higher lows which would indicate a shift in momentum, and a more drawn out consolidation period.
The bulls are back in full control of the longer term 4 hour, and daily trends now that we have a higher high over $4130.

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