TheChartGuys

BTC Bulls trying for a 4 hour higher low

COINBASE:BTCUSD   Bitcoin
BTC bulls trying for a 4 hour higher low and a break of the lower highs to change the trend and give indication our daily higher low has been set.
The bulls still have control and it will be up to bears to rejection the price from $7,128 and see a lower low.
Aggressive bulls can enter here and stop out below the currently low of 4 hour consolidation,
and patient bulls are waiting for the daily chart to see if we get continuation or not.
Bears can look to enter a loss of the 4 hour higher low attempt, or look to top fish the recent top in the low $7,000s
The MOST patient are waiting on the weekly pattern to play out.
Continue watching daily EMA support as that will have to hold to keep the daily uptrend.
We are now in a scenario where the burden of proof is on the bears on the daily and 4 hour time frames.

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