The BTC Bulls are keeping full control of this move and heading to higher highs.
There is not much follow through on the new 2019 t this point, but with so many shorts piling in they continue to provide the fuel needed to see this continuation.
Alts are being hit hard as the focus continues on BTC.
LTC and ETH lost the 4 hour uptrend long ago.
BTC weekly resistance after $11,775 is almost non existent, giving tons of space for bulls to work with.
We have not seen a 4 hour higher low in over a day, and bulls looking to FOMO in are probably better off waiting for another 4 hour support to be found.
I am currently just riding long positions with no shorter term positions re-established at this point.
As I said in a recent video, shorts are betting off keeping the rule of thumb:
"I will not short while we are in a daily uptrend"
There is not much follow through on the new 2019 t this point, but with so many shorts piling in they continue to provide the fuel needed to see this continuation.
Alts are being hit hard as the focus continues on BTC.
LTC and ETH lost the 4 hour uptrend long ago.
BTC weekly resistance after $11,775 is almost non existent, giving tons of space for bulls to work with.
We have not seen a 4 hour higher low in over a day, and bulls looking to FOMO in are probably better off waiting for another 4 hour support to be found.
I am currently just riding long positions with no shorter term positions re-established at this point.
As I said in a recent video, shorts are betting off keeping the rule of thumb:
"I will not short while we are in a daily uptrend"
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