TheChartGuys

BTC Hourly Remains Tight

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC is still ping ponging in a tightening range as a result from the "Bart" pump, sideways, dump, bounce previous couple days of action. This is showing up as multiple daily inside bars as well just under daily EMA resistance. I personally will not be playing a break of this range, as it is the bigger picture daily range that I am waiting for a break on. I find BTC has not had significant confidence in follow through of breaks on the shorter term time frames recently. Exhibit A is the hourly chart just breaking the lowest price seen in 18 hours, only to bounce right back into the middle of the range.

Power to the patient!

Comments

Interesting, thanks for updatin
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