BTC Bulls keeping control ever since the 4H equilibrium broke bullish. We are watching for this inside bar to be set and the bulls to try and keep the 4H uptrend going with a new higher low and potential bull flag. Keep in mind per my criteria the daily trend has still not changed with a clear higher low pivot into a higher high. We will certainly anticipate a daily higher low is the most likely result once we lose the 4H uptrend for the first time on this move.
BTC pairings of ETH and LTC remain very bearish while BTC bulls keep strength. This further increases the odds the BTC.D dominance chart is a monthly bull flag.
Big picture we are watching for the monthly higher low to be set and if we get a daily higher low and HH into January the stage will be set for that to be the case.
Also from over here .. "on the other side of the americas .."
Dan, can you please comment on the "explosion" of longs, chart btc at bitfinex?
(I guess that's the only chart available on longs)
That looks really "scary". is there instead of short squeez long sucking?