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.
Thanks for the posts Dan. Learning a ton with your daily updates and videos. It's the first email I look at every morning.
sebastianroberts19
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Dan,
I've been pouring over TA for the last year, and it wasnt until I followed you on youtube that it all really came together for me... Thank you and keep up the solid TA!
alexcph
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The monthly candle has closed. I rarely see people talking about the monthly chart so here it is.
TheAlphaTrades
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The bulls are trying hard!
August 31 BTC analysis | 3 candle rule | Rising trendline + horiz. support weakening | Decision time:
cryptochemistry
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thanks Dan
premmest
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Thanks for the update! Potential 15min H&S at play; however 4hr looks for the bulls.
premmest
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@premmest, well the 4hr doesn't looks so good anymore...