Not surprising to see the bulls take a breather before testing $10,000 psychological resistance.
Healthy consolidation as the bulls look to ideally form a higher low on the 4 hour.
4 hour RSI had hit 70 for the first time in a long time, and we are watching for the bulls to remain in control unless we see increasing bear volume.
Patiently waiting for the 15 min chart to shift back to higher lows and higher highs for confidence the bulls are back in control of the short term action.
We will be looking for another swing trade entry after this healthy consolidation cools RSI levels off.
Personally trading BTC when I am away from the screen and LTC when I can be more active.
Healthy consolidation as the bulls look to ideally form a higher low on the 4 hour.
4 hour RSI had hit 70 for the first time in a long time, and we are watching for the bulls to remain in control unless we see increasing bear volume.
Patiently waiting for the 15 min chart to shift back to higher lows and higher highs for confidence the bulls are back in control of the short term action.
We will be looking for another swing trade entry after this healthy consolidation cools RSI levels off.
Personally trading BTC when I am away from the screen and LTC when I can be more active.
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