TheChartGuys

BTC 4 Hour Inside Bars

COINBASE:BTCUSD   Bitcoin
Bulls broke the downtrend yesterday with a higher low and higher high on the 4 hour time frame.
We have been consolidating sideways all night with multiple 4 hour inside bars to watch for a break.
We should see a break with the candle that will begin forming at 8 AM Eastern. (the next one)
The daily chart has formed a bullish reversal hammer and is our new higher low for bulls to hold full control on the daily.
Correlations to ETH and LTC have broken as all the bullish action was in BTC while the other two saw no action during the same time period.

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