Congrats bulls! This is the most significant move we have seen in a long time, and it gives bulls plenty of space to form a daily higher low when consolidation does come. Bulls have a good chance of seeing a bull cross of EMA 12 and 26 on the daily as well as long as daily consolidation is healthy when it comes. The hourly and 4 hour up trends are clear with supports established, and EMA 12 on these time frames will be supports to watch as well. Note the 4 hour RSI is getting a bit extended and we are due for 4 hour consolidation today to form another higher low. We are already shaping up for a high volume day with a long way to go. I had 1 sell order fill on coinbase $3,789 while sleeping, putting me down to a half position from my original entry. From here I will continue to play the 4 hour uptrend for the rest of the position. Bears should be patient and wait for at least a loss of the hourly uptrend.
BTC moving as expected, we should all know 4400$ is as strong as rock, all eyes on this huge resistance.
Boon2
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BTCUSD H4 Correction up. Checkout the idea detail's and update's for the complete picture!
jerry2000
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Your scalping then resulted in swing position ;-). Congrats. What do you advise for the bulls who missed the oportunity at the beginning, I guess it is to dangerous to enter now, but there seems to be lack of resistance on the way up also. Will you reenter on consolidation?