TheChartGuys

BTC Hourly Lower Highs and Lower Lows

COINBASE:BTCUSD   Bitcoin
Healthy consolidation we were keeping an eye out for, as the 4 hour chart was a bit over extended.
The bulls are still strong on the 4 hour but we will not be confident in bulls again until we change the hourly momentum back in their favor.
Healthy consolidation on all time frames at this point, only increasing bear volume will give us red flags.
Bulls trying to establish a new base of support and regain $10,000 as support.
Personally stopped out of a partial position last night for a small loss when 15 min higher lows were broken, after entering on the higher high break.
Perfectly acceptable risk on the loss as it resulted in a much bigger win holding overnight two nights ago on a similar trade setup.
15 min oversold bounces have been giving decent bounces.

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