Consolidation on BTC and a loss of the 4 hour support.
If we break the pattern of a higher low every day, our daily lower high in the tightening range will be set.
The break in this pattern will likely be what leads me to take the rest of my BTC position off and patiently wait all cash for a break of the tightening range.
Still keeping an eye on the tightening ranges on the ETHBTC and LTCBTC daily charts, but burden of proof is on the bulls who have not shown us much.
Very interesting that right now SPY, XAUUSD, BTC , Oil are all in different stages of tightening patterns on different time frames.
If we break the pattern of a higher low every day, our daily lower high in the tightening range will be set.
The break in this pattern will likely be what leads me to take the rest of my BTC position off and patiently wait all cash for a break of the tightening range.
Still keeping an eye on the tightening ranges on the ETHBTC and LTCBTC daily charts, but burden of proof is on the bulls who have not shown us much.
Very interesting that right now SPY, XAUUSD, BTC , Oil are all in different stages of tightening patterns on different time frames.
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